This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $103k initial cash invested.
-6.8%
Cash On Cash
5.43%
Cap Rate
0.84
DSCR
$3,529
Rent
-$583
Cashflow
Cash Flow
$3,529 income − $4,112 expenses = $583 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%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,529
Total Expenses
$4,112
Mortgage P&I
74%
$2,622
Property Taxes
11%
$401
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0