This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $103k initial cash invested.
-7.78%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$3,515
Rent
-$671
Cashflow
Cash Flow
$3,515 income − $4,186 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,560
Closing costs
1%
$4,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,515
Total Expenses
$4,186
Mortgage P&I
77%
$2,715
Property Taxes
11%
$386
Home Insurance
5%
$170
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0