This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $104k initial cash invested.
-8.26%
Cash On Cash
5.1%
Cap Rate
0.8
DSCR
$3,463
Rent
-$713
Cashflow
Cash Flow
$3,463 income − $4,176 expenses = $713 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,463
Total Expenses
$4,176
Mortgage P&I
76%
$2,639
Property Taxes
13%
$462
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0