This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $110k initial cash invested.
-13.7%
Cash On Cash
3.78%
Cap Rate
0.6
DSCR
$3,011
Rent
-$1,257
Cashflow
Cash Flow
$3,011 income − $4,268 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,011
Total Expenses
$4,268
Mortgage P&I
92%
$2,756
Property Taxes
18%
$543
Home Insurance
6%
$185
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0