This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $110k initial cash invested.
-17.78%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$2,754
Rent
-$1,631
Cashflow
Cash Flow
$2,754 income − $4,385 expenses = $1,631 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,754
Total Expenses
$4,385
Mortgage P&I
103%
$2,825
Property Taxes
19%
$532
Home Insurance
7%
$192
HOA
4%
$120
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0