This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $103k initial cash invested.
-10.45%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$2,915
Rent
-$896
Cashflow
Cash Flow
$2,915 income − $3,811 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,915
Total Expenses
$3,811
Mortgage P&I
86%
$2,502
Property Taxes
13%
$384
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0