This property looks like a bad Long-Term investment with a projected -2.27% first-year return on $110k initial cash invested.
-2.27%
Cash On Cash
6.36%
Cap Rate
1
DSCR
$3,988
Rent
-$208
Cashflow
Cash Flow
$3,988 income − $4,196 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,988
Total Expenses
$4,196
Mortgage P&I
70%
$2,788
Property Taxes
6%
$228
Home Insurance
4%
$144
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0