This property looks like a bad Long-Term investment with a projected -3.57% first-year return on $104k initial cash invested.
-3.57%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$3,726
Rent
-$310
Cashflow
Cash Flow
$3,726 income − $4,036 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,200
Closing costs
1%
$4,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,726
Total Expenses
$4,036
Mortgage P&I
68%
$2,516
Property Taxes
10%
$376
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$186
Vacancy
6%
$224
Maintenance
5%
$186
Other
0%
$0