This property looks like a bad Long-Term investment with a projected -11% first-year return on $113k initial cash invested.
-11%
Cash On Cash
4.91%
Cap Rate
0.72
DSCR
$3,826
Rent
-$1,037
Cashflow
Cash Flow
$3,826 income − $4,863 expenses = $1,037 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,826
Total Expenses
$4,863
Mortgage P&I
80%
$3,051
Property Taxes
16%
$626
Home Insurance
5%
$191
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0