This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $111k initial cash invested.
-15.11%
Cash On Cash
3.27%
Cap Rate
0.53
DSCR
$2,718
Rent
-$1,403
Cashflow
Cash Flow
$2,718 income − $4,121 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,718
Total Expenses
$4,121
Mortgage P&I
100%
$2,712
Property Taxes
19%
$516
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0