This property looks like a bad Long-Term investment with a projected -21.9% first-year return on $110k initial cash invested.
-21.9%
Cash On Cash
2.39%
Cap Rate
0.35
DSCR
$2,025
Rent
-$2,007
Cashflow
Cash Flow
$2,025 income − $4,032 expenses = $2,007 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,025
Total Expenses
$4,032
Mortgage P&I
146%
$2,947
Property Taxes
18%
$367
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0