This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $114k initial cash invested.
-8.5%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$3,529
Rent
-$805
Cashflow
Cash Flow
$3,529 income − $4,334 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,409
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,529
Total Expenses
$4,334
Mortgage P&I
78%
$2,741
Property Taxes
14%
$484
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0