This property looks like a bad Long-Term investment with a projected -9.76% first-year return on $104k initial cash invested.
-9.76%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$3,164
Rent
-$844
Cashflow
Cash Flow
$3,164 income − $4,008 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,780
Closing costs
1%
$4,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,164
Total Expenses
$4,008
Mortgage P&I
83%
$2,628
Property Taxes
12%
$383
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0