This property looks like a bad Long-Term investment with a projected -8.11% first-year return on $111k initial cash invested.
-8.11%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$3,259
Rent
-$753
Cashflow
Cash Flow
$3,259 income − $4,012 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,306
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,259
Total Expenses
$4,012
Mortgage P&I
89%
$2,891
Property Taxes
2%
$81
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0