This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $111k initial cash invested.
-11.73%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$3,350
Rent
-$1,088
Cashflow
Cash Flow
$3,350 income − $4,438 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,350
Total Expenses
$4,438
Mortgage P&I
85%
$2,863
Property Taxes
15%
$517
Home Insurance
6%
$186
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0