This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $111k initial cash invested.
-9.54%
Cash On Cash
4.64%
Cap Rate
0.74
DSCR
$3,427
Rent
-$884
Cashflow
Cash Flow
$3,427 income − $4,311 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,427
Total Expenses
$4,311
Mortgage P&I
80%
$2,758
Property Taxes
15%
$516
Home Insurance
4%
$146
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0