This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $104k initial cash invested.
-10.36%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$3,088
Rent
-$901
Cashflow
Cash Flow
$3,088 income − $3,989 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$3,989
Mortgage P&I
82%
$2,520
Property Taxes
16%
$492
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0