This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $110k initial cash invested.
-13.91%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$2,708
Rent
-$1,273
Cashflow
Cash Flow
$2,708 income − $3,981 expenses = $1,273 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,229
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,708
Total Expenses
$3,981
Mortgage P&I
104%
$2,805
Property Taxes
11%
$289
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0