This property looks like a bad Long-Term investment with a projected -19.46% first-year return on $110k initial cash invested.
-19.46%
Cash On Cash
2.9%
Cap Rate
0.43
DSCR
$2,637
Rent
-$1,783
Cashflow
Cash Flow
$2,637 income − $4,420 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$4,420
Mortgage P&I
111%
$2,918
Property Taxes
24%
$638
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0