This property looks like a bad Long-Term investment with a projected -10.38% first-year return on $104k initial cash invested.
-10.38%
Cash On Cash
4.51%
Cap Rate
0.71
DSCR
$2,955
Rent
-$902
Cashflow
Cash Flow
$2,955 income − $3,857 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,300
Closing costs
1%
$4,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,955
Total Expenses
$3,857
Mortgage P&I
89%
$2,622
Property Taxes
10%
$291
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0