This property looks like a bad Long-Term investment with a projected -7.92% first-year return on $112k initial cash invested.
-7.92%
Cash On Cash
5.05%
Cap Rate
0.8
DSCR
$3,575
Rent
-$740
Cashflow
Cash Flow
$3,575 income − $4,315 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,339
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,575
Total Expenses
$4,315
Mortgage P&I
78%
$2,806
Property Taxes
11%
$387
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$214
Maintenance
5%
$179
Other
0%
$0