This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $111k initial cash invested.
-10.9%
Cash On Cash
4.15%
Cap Rate
0.68
DSCR
$3,160
Rent
-$1,007
Cashflow
Cash Flow
$3,160 income − $4,167 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,281
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,160
Total Expenses
$4,167
Mortgage P&I
85%
$2,675
Property Taxes
16%
$518
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0