This property looks like a bad Long-Term investment with a projected -11.28% first-year return on $104k initial cash invested.
-11.28%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$2,964
Rent
-$980
Cashflow
Cash Flow
$2,964 income − $3,944 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,320
Closing costs
1%
$4,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$3,944
Mortgage P&I
85%
$2,527
Property Taxes
16%
$472
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0