This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $110k initial cash invested.
-12.7%
Cash On Cash
3.82%
Cap Rate
0.62
DSCR
$2,994
Rent
-$1,167
Cashflow
Cash Flow
$2,994 income − $4,161 expenses = $1,167 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,994
Total Expenses
$4,161
Mortgage P&I
90%
$2,689
Property Taxes
17%
$509
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0