This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $111k initial cash invested.
-9.85%
Cash On Cash
4.63%
Cap Rate
0.73
DSCR
$3,377
Rent
-$911
Cashflow
Cash Flow
$3,377 income − $4,288 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,377
Total Expenses
$4,288
Mortgage P&I
82%
$2,783
Property Taxes
13%
$434
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0