This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $110k initial cash invested.
-10.15%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$3,095
Rent
-$930
Cashflow
Cash Flow
$3,095 income − $4,025 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,095
Total Expenses
$4,025
Mortgage P&I
93%
$2,876
Property Taxes
5%
$151
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0