This property looks like a bad Long-Term investment with a projected -9.69% first-year return on $105k initial cash invested.
-9.69%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$2,730
Rent
-$847
Cashflow
Cash Flow
$2,730 income − $3,577 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,860
Closing costs
1%
$4,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,730
Total Expenses
$3,577
Mortgage P&I
93%
$2,541
Property Taxes
5%
$145
Home Insurance
7%
$182
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0