This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $110k initial cash invested.
-10.07%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$3,523
Rent
-$922
Cashflow
Cash Flow
$3,523 income − $4,445 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,523
Total Expenses
$4,445
Mortgage P&I
79%
$2,800
Property Taxes
16%
$555
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0