This property looks like a bad Long-Term investment with a projected -1.28% first-year return on $103k initial cash invested.
-1.28%
Cash On Cash
6.41%
Cap Rate
1.05
DSCR
$4,467
Rent
-$110
Cashflow
Cash Flow
$4,467 income − $4,577 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,467
Total Expenses
$4,577
Mortgage P&I
56%
$2,500
Property Taxes
17%
$744
Home Insurance
4%
$172
HOA
0%
$0
Property Management
10%
$447
CapEx
5%
$223
Vacancy
6%
$268
Maintenance
5%
$223
Other
0%
$0