This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $113k initial cash invested.
-10.23%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$3,184
Rent
-$965
Cashflow
Cash Flow
$3,184 income − $4,149 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,184
Total Expenses
$4,149
Mortgage P&I
87%
$2,774
Property Taxes
11%
$357
Home Insurance
6%
$191
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0