This property looks like a bad Long-Term investment with a projected -21.45% first-year return on $110k initial cash invested.
-21.45%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,320
Rent
-$1,971
Cashflow
Cash Flow
$2,320 income − $4,291 expenses = $1,971 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,320
Total Expenses
$4,291
Mortgage P&I
126%
$2,923
Property Taxes
25%
$581
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0