This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $103k initial cash invested.
-11.25%
Cash On Cash
4.72%
Cap Rate
0.71
DSCR
$3,506
Rent
-$964
Cashflow
Cash Flow
$3,506 income − $4,470 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,506
Total Expenses
$4,470
Mortgage P&I
77%
$2,716
Property Taxes
19%
$675
Home Insurance
5%
$168
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0