This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $104k initial cash invested.
-7.05%
Cash On Cash
5.2%
Cap Rate
0.83
DSCR
$3,619
Rent
-$611
Cashflow
Cash Flow
$3,619 income − $4,230 expenses = $611 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,619
Total Expenses
$4,230
Mortgage P&I
71%
$2,577
Property Taxes
15%
$539
Home Insurance
5%
$173
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0