This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $103k initial cash invested.
-8.96%
Cash On Cash
4.92%
Cap Rate
0.77
DSCR
$3,139
Rent
-$767
Cashflow
Cash Flow
$3,139 income − $3,906 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,139
Total Expenses
$3,906
Mortgage P&I
83%
$2,617
Property Taxes
9%
$298
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0