This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $113k initial cash invested.
-8.46%
Cash On Cash
4.75%
Cap Rate
0.77
DSCR
$3,277
Rent
-$797
Cashflow
Cash Flow
$3,277 income − $4,074 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,277
Total Expenses
$4,074
Mortgage P&I
84%
$2,762
Property Taxes
8%
$263
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0