This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $104k initial cash invested.
-9.54%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$3,156
Rent
-$830
Cashflow
Cash Flow
$3,156 income − $3,986 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,440
Closing costs
1%
$4,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,156
Total Expenses
$3,986
Mortgage P&I
80%
$2,538
Property Taxes
12%
$377
Home Insurance
6%
$175
HOA
2%
$75
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0