This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $103k initial cash invested.
-11.29%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$3,447
Rent
-$970
Cashflow
Cash Flow
$3,447 income − $4,417 expenses = $970 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,447
Total Expenses
$4,417
Mortgage P&I
76%
$2,632
Property Taxes
19%
$670
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0