This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $110k initial cash invested.
-20.9%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$2,607
Rent
-$1,911
Cashflow
Cash Flow
$2,607 income − $4,518 expenses = $1,911 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,607
Total Expenses
$4,518
Mortgage P&I
111%
$2,906
Property Taxes
29%
$744
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0