This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $111k initial cash invested.
-14.24%
Cash On Cash
3.45%
Cap Rate
0.57
DSCR
$2,988
Rent
-$1,323
Cashflow
Cash Flow
$2,988 income − $4,311 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,988
Total Expenses
$4,311
Mortgage P&I
90%
$2,701
Property Taxes
21%
$617
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0