This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $111k initial cash invested.
-9.3%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$3,254
Rent
-$863
Cashflow
Cash Flow
$3,254 income − $4,117 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,254
Total Expenses
$4,117
Mortgage P&I
83%
$2,711
Property Taxes
10%
$336
Home Insurance
6%
$186
HOA
1%
$38
Property Management
10%
$325
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0