This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $112k initial cash invested.
-9.45%
Cash On Cash
4.56%
Cap Rate
0.74
DSCR
$3,075
Rent
-$883
Cashflow
Cash Flow
$3,075 income − $3,958 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,338
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,075
Total Expenses
$3,958
Mortgage P&I
90%
$2,758
Property Taxes
7%
$208
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0