This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $103k initial cash invested.
-10.49%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$3,207
Rent
-$904
Cashflow
Cash Flow
$3,207 income − $4,111 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,460
Closing costs
1%
$4,923
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,207
Total Expenses
$4,111
Mortgage P&I
84%
$2,698
Property Taxes
13%
$422
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0