This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $103k initial cash invested.
-9.38%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$3,000
Rent
-$804
Cashflow
Cash Flow
$3,000 income − $3,804 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,000
Total Expenses
$3,804
Mortgage P&I
83%
$2,492
Property Taxes
12%
$360
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0