This property looks like a bad Long-Term investment with a projected -19.15% first-year return on $111k initial cash invested.
-19.15%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$2,468
Rent
-$1,776
Cashflow
Cash Flow
$2,468 income − $4,244 expenses = $1,776 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,468
Total Expenses
$4,244
Mortgage P&I
118%
$2,911
Property Taxes
6%
$156
Home Insurance
8%
$186
HOA
14%
$350
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0