This property looks like a bad Long-Term investment with a projected -11.33% first-year return on $105k initial cash invested.
-11.33%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$3,178
Rent
-$989
Cashflow
Cash Flow
$3,178 income − $4,167 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,720
Closing costs
1%
$4,986
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,178
Total Expenses
$4,167
Mortgage P&I
85%
$2,687
Property Taxes
15%
$478
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0