This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $102k initial cash invested.
-5.77%
Cash On Cash
5.34%
Cap Rate
0.87
DSCR
$3,214
Rent
-$492
Cashflow
Cash Flow
$3,214 income − $3,706 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,420
Closing costs
1%
$4,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,214
Total Expenses
$3,706
Mortgage P&I
78%
$2,500
Property Taxes
5%
$170
Home Insurance
5%
$175
HOA
1%
$25
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0