This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $111k initial cash invested.
-10.24%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$3,695
Rent
-$950
Cashflow
Cash Flow
$3,695 income − $4,645 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,695
Total Expenses
$4,645
Mortgage P&I
78%
$2,898
Property Taxes
17%
$627
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0