This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $110k initial cash invested.
-10.2%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$2,869
Rent
-$937
Cashflow
Cash Flow
$2,869 income − $3,806 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$3,806
Mortgage P&I
94%
$2,689
Property Taxes
7%
$188
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0