This property looks like a bad Long-Term investment with a projected -10% first-year return on $104k initial cash invested.
-10%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$3,428
Rent
-$866
Cashflow
Cash Flow
$3,428 income − $4,294 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,428
Total Expenses
$4,294
Mortgage P&I
80%
$2,733
Property Taxes
14%
$485
Home Insurance
5%
$173
HOA
0%
$12
Property Management
10%
$343
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0