This property looks like a bad Long-Term investment with a projected -4.92% first-year return on $104k initial cash invested.
-4.92%
Cash On Cash
5.61%
Cap Rate
0.91
DSCR
$3,841
Rent
-$425
Cashflow
Cash Flow
$3,841 income − $4,266 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,640
Closing costs
1%
$4,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,841
Total Expenses
$4,266
Mortgage P&I
66%
$2,537
Property Taxes
14%
$556
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0