This property looks like a bad Long-Term investment with a projected -4.9% first-year return on $109k initial cash invested.
-4.9%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$4,195
Rent
-$447
Cashflow
Cash Flow
$4,195 income − $4,642 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$521k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,195
Total Expenses
$4,642
Mortgage P&I
66%
$2,784
Property Taxes
14%
$586
Home Insurance
4%
$180
HOA
0%
$0
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0