This property looks like a bad Long-Term investment with a projected -5.7% first-year return on $103k initial cash invested.
-5.7%
Cash On Cash
5.42%
Cap Rate
0.88
DSCR
$3,756
Rent
-$489
Cashflow
Cash Flow
$3,756 income − $4,245 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,756
Total Expenses
$4,245
Mortgage P&I
67%
$2,515
Property Taxes
15%
$581
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0