This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $113k initial cash invested.
-7.31%
Cash On Cash
4.89%
Cap Rate
0.81
DSCR
$3,504
Rent
-$689
Cashflow
Cash Flow
$3,504 income − $4,193 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,504
Total Expenses
$4,193
Mortgage P&I
77%
$2,711
Property Taxes
11%
$381
Home Insurance
5%
$191
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0