This property looks like a bad Long-Term investment with a projected -10.84% first-year return on $110k initial cash invested.
-10.84%
Cash On Cash
4.45%
Cap Rate
0.7
DSCR
$2,927
Rent
-$991
Cashflow
Cash Flow
$2,927 income − $3,918 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,927
Total Expenses
$3,918
Mortgage P&I
95%
$2,782
Property Taxes
6%
$172
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0