This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $104k initial cash invested.
-10.65%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$2,567
Rent
-$923
Cashflow
Cash Flow
$2,567 income − $3,490 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,567
Total Expenses
$3,490
Mortgage P&I
103%
$2,644
Property Taxes
1%
$21
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0