This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $105k initial cash invested.
-11.44%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$3,090
Rent
-$998
Cashflow
Cash Flow
$3,090 income − $4,088 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,660
Closing costs
1%
$4,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,090
Total Expenses
$4,088
Mortgage P&I
87%
$2,691
Property Taxes
14%
$420
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0