This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $111k initial cash invested.
-13.96%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$3,310
Rent
-$1,289
Cashflow
Cash Flow
$3,310 income − $4,599 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,310
Total Expenses
$4,599
Mortgage P&I
82%
$2,724
Property Taxes
25%
$828
Home Insurance
6%
$185
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0