This property looks like a bad Long-Term investment with a projected -7.83% first-year return on $103k initial cash invested.
-7.83%
Cash On Cash
5.43%
Cap Rate
0.81
DSCR
$3,143
Rent
-$670
Cashflow
Cash Flow
$3,143 income − $3,813 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,143
Total Expenses
$3,813
Mortgage P&I
87%
$2,724
Property Taxes
3%
$101
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0