This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $104k initial cash invested.
-11.37%
Cash On Cash
4.68%
Cap Rate
0.7
DSCR
$3,216
Rent
-$988
Cashflow
Cash Flow
$3,216 income − $4,204 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,280
Closing costs
1%
$4,964
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,216
Total Expenses
$4,204
Mortgage P&I
86%
$2,763
Property Taxes
13%
$429
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0