This property looks like a bad Long-Term investment with a projected -1.08% first-year return on $104k initial cash invested.
-1.08%
Cash On Cash
6.6%
Cap Rate
1.05
DSCR
$4,281
Rent
-$94
Cashflow
Cash Flow
$4,281 income − $4,375 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,281
Total Expenses
$4,375
Mortgage P&I
61%
$2,609
Property Taxes
11%
$469
Home Insurance
4%
$184
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0