This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $111k initial cash invested.
-8.94%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$3,371
Rent
-$828
Cashflow
Cash Flow
$3,371 income − $4,199 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,371
Total Expenses
$4,199
Mortgage P&I
84%
$2,815
Property Taxes
10%
$322
Home Insurance
5%
$185
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0