This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $102k initial cash invested.
-9.08%
Cash On Cash
4.73%
Cap Rate
0.76
DSCR
$3,241
Rent
-$773
Cashflow
Cash Flow
$3,241 income − $4,014 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,260
Closing costs
1%
$4,863
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,241
Total Expenses
$4,014
Mortgage P&I
78%
$2,527
Property Taxes
14%
$453
Home Insurance
5%
$169
HOA
1%
$23
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0