This property looks like a bad Long-Term investment with a projected -13.32% first-year return on $111k initial cash invested.
-13.32%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$3,767
Rent
-$1,233
Cashflow
Cash Flow
$3,767 income − $5,000 expenses = $1,233 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,767
Total Expenses
$5,000
Mortgage P&I
74%
$2,803
Property Taxes
27%
$1,032
Home Insurance
5%
$186
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0