This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $111k initial cash invested.
-16.42%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$2,700
Rent
-$1,520
Cashflow
Cash Flow
$2,700 income − $4,220 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$4,220
Mortgage P&I
101%
$2,722
Property Taxes
22%
$594
Home Insurance
7%
$185
HOA
1%
$17
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0