This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $110k initial cash invested.
-15.96%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$2,354
Rent
-$1,466
Cashflow
Cash Flow
$2,354 income − $3,820 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,354
Total Expenses
$3,820
Mortgage P&I
122%
$2,865
Property Taxes
7%
$159
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0