This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $104k initial cash invested.
-11.45%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$3,020
Rent
-$992
Cashflow
Cash Flow
$3,020 income − $4,012 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,020
Total Expenses
$4,012
Mortgage P&I
90%
$2,704
Property Taxes
12%
$350
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0