This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $110k initial cash invested.
-13.37%
Cash On Cash
3.87%
Cap Rate
0.61
DSCR
$3,296
Rent
-$1,221
Cashflow
Cash Flow
$3,296 income − $4,517 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,296
Total Expenses
$4,517
Mortgage P&I
83%
$2,737
Property Taxes
23%
$747
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0