This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $103k initial cash invested.
-10.46%
Cash On Cash
4.73%
Cap Rate
0.73
DSCR
$3,399
Rent
-$899
Cashflow
Cash Flow
$3,399 income − $4,298 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,260
Closing costs
1%
$4,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,399
Total Expenses
$4,298
Mortgage P&I
78%
$2,664
Property Taxes
17%
$575
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0