This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $103k initial cash invested.
-11.34%
Cash On Cash
4.12%
Cap Rate
0.67
DSCR
$2,684
Rent
-$972
Cashflow
Cash Flow
$2,684 income − $3,656 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$3,656
Mortgage P&I
94%
$2,521
Property Taxes
10%
$266
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0