This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $110k initial cash invested.
-13.94%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$3,296
Rent
-$1,279
Cashflow
Cash Flow
$3,296 income − $4,575 expenses = $1,279 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,296
Total Expenses
$4,575
Mortgage P&I
88%
$2,903
Property Taxes
19%
$639
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0