This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $103k initial cash invested.
-9.52%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$2,806
Rent
-$818
Cashflow
Cash Flow
$2,806 income − $3,624 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,160
Closing costs
1%
$4,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,806
Total Expenses
$3,624
Mortgage P&I
95%
$2,669
Property Taxes
2%
$53
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0