This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $102k initial cash invested.
-10.22%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$3,544
Rent
-$871
Cashflow
Cash Flow
$3,544 income − $4,415 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,360
Closing costs
1%
$4,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,544
Total Expenses
$4,415
Mortgage P&I
76%
$2,685
Property Taxes
16%
$551
Home Insurance
6%
$203
HOA
2%
$55
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0