This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $107k initial cash invested.
-6.19%
Cash On Cash
5.23%
Cap Rate
0.86
DSCR
$3,516
Rent
-$552
Cashflow
Cash Flow
$3,516 income − $4,068 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$102k
Closing costs
1%
$5,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,516
Total Expenses
$4,068
Mortgage P&I
74%
$2,595
Property Taxes
11%
$380
Home Insurance
5%
$178
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0