This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $111k initial cash invested.
-14.75%
Cash On Cash
3.46%
Cap Rate
0.55
DSCR
$2,545
Rent
-$1,365
Cashflow
Cash Flow
$2,545 income − $3,910 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,545
Total Expenses
$3,910
Mortgage P&I
109%
$2,763
Property Taxes
11%
$275
Home Insurance
8%
$191
HOA
1%
$20
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0