This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $111k initial cash invested.
-15.99%
Cash On Cash
3.07%
Cap Rate
0.5
DSCR
$2,310
Rent
-$1,483
Cashflow
Cash Flow
$2,310 income − $3,793 expenses = $1,483 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$3,793
Mortgage P&I
118%
$2,722
Property Taxes
6%
$131
Home Insurance
8%
$186
HOA
7%
$152
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0