This property looks like a bad Long-Term investment with a projected -9.6% first-year return on $105k initial cash invested.
-9.6%
Cash On Cash
4.48%
Cap Rate
0.73
DSCR
$3,255
Rent
-$838
Cashflow
Cash Flow
$3,255 income − $4,093 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,255
Total Expenses
$4,093
Mortgage P&I
78%
$2,536
Property Taxes
15%
$483
Home Insurance
5%
$178
HOA
2%
$49
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0