This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $113k initial cash invested.
-8.82%
Cash On Cash
4.83%
Cap Rate
0.77
DSCR
$3,402
Rent
-$831
Cashflow
Cash Flow
$3,402 income − $4,233 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,402
Total Expenses
$4,233
Mortgage P&I
83%
$2,828
Property Taxes
8%
$266
Home Insurance
7%
$245
HOA
0%
$10
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0