This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $103k initial cash invested.
-8.96%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$3,513
Rent
-$768
Cashflow
Cash Flow
$3,513 income − $4,281 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,920
Closing costs
1%
$4,896
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,513
Total Expenses
$4,281
Mortgage P&I
75%
$2,638
Property Taxes
16%
$557
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0