This property looks like a bad Long-Term investment with a projected -9.56% first-year return on $104k initial cash invested.
-9.56%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,863
Rent
-$830
Cashflow
Cash Flow
$2,863 income − $3,693 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,240
Closing costs
1%
$4,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,863
Total Expenses
$3,693
Mortgage P&I
96%
$2,747
Property Taxes
1%
$27
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0