This property looks like a bad Long-Term investment with a projected -3.45% first-year return on $102k initial cash invested.
-3.45%
Cash On Cash
6.25%
Cap Rate
0.97
DSCR
$4,074
Rent
-$294
Cashflow
Cash Flow
$4,074 income − $4,368 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,074
Total Expenses
$4,368
Mortgage P&I
65%
$2,628
Property Taxes
12%
$506
Home Insurance
4%
$175
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$204
Vacancy
6%
$244
Maintenance
5%
$204
Other
0%
$0