This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $104k initial cash invested.
-9.28%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$3,728
Rent
-$808
Cashflow
Cash Flow
$3,728 income − $4,536 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,500
Closing costs
1%
$4,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,728
Total Expenses
$4,536
Mortgage P&I
71%
$2,658
Property Taxes
19%
$701
Home Insurance
5%
$175
HOA
1%
$33
Property Management
10%
$373
CapEx
5%
$186
Vacancy
6%
$224
Maintenance
5%
$186
Other
0%
$0