This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $114k initial cash invested.
-8.88%
Cash On Cash
4.65%
Cap Rate
0.76
DSCR
$3,530
Rent
-$844
Cashflow
Cash Flow
$3,530 income − $4,374 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,530
Total Expenses
$4,374
Mortgage P&I
79%
$2,772
Property Taxes
14%
$493
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0