This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $111k initial cash invested.
-12.55%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$2,946
Rent
-$1,159
Cashflow
Cash Flow
$2,946 income − $4,105 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,946
Total Expenses
$4,105
Mortgage P&I
96%
$2,839
Property Taxes
8%
$242
Home Insurance
7%
$198
HOA
2%
$60
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0