This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $110k initial cash invested.
-12.8%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$2,793
Rent
-$1,176
Cashflow
Cash Flow
$2,793 income − $3,969 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,793
Total Expenses
$3,969
Mortgage P&I
101%
$2,829
Property Taxes
8%
$229
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0