This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $116k initial cash invested.
-9.98%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$3,509
Rent
-$962
Cashflow
Cash Flow
$3,509 income − $4,471 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,509
Total Expenses
$4,471
Mortgage P&I
87%
$3,037
Property Taxes
9%
$326
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$175
Vacancy
6%
$211
Maintenance
5%
$175
Other
0%
$0