This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $103k initial cash invested.
-8.3%
Cash On Cash
4.61%
Cap Rate
0.77
DSCR
$3,104
Rent
-$714
Cashflow
Cash Flow
$3,104 income − $3,818 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,320
Closing costs
1%
$4,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,104
Total Expenses
$3,818
Mortgage P&I
79%
$2,446
Property Taxes
14%
$426
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0