This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $104k initial cash invested.
-11.44%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$3,015
Rent
-$996
Cashflow
Cash Flow
$3,015 income − $4,011 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,015
Total Expenses
$4,011
Mortgage P&I
88%
$2,643
Property Taxes
13%
$399
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0