This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $110k initial cash invested.
-10.8%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$3,303
Rent
-$986
Cashflow
Cash Flow
$3,303 income − $4,289 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,303
Total Expenses
$4,289
Mortgage P&I
82%
$2,703
Property Taxes
16%
$542
Home Insurance
6%
$186
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0