This property looks like a bad Long-Term investment with a projected -9.24% first-year return on $103k initial cash invested.
-9.24%
Cash On Cash
4.55%
Cap Rate
0.75
DSCR
$3,460
Rent
-$791
Cashflow
Cash Flow
$3,460 income − $4,251 expenses = $791 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,460
Total Expenses
$4,251
Mortgage P&I
71%
$2,473
Property Taxes
20%
$707
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0