This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $110k initial cash invested.
-13.6%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$3,089
Rent
-$1,241
Cashflow
Cash Flow
$3,089 income − $4,330 expenses = $1,241 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$4,330
Mortgage P&I
93%
$2,875
Property Taxes
13%
$391
Home Insurance
6%
$192
HOA
2%
$70
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0