This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $111k initial cash invested.
-20.88%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$2,277
Rent
-$1,933
Cashflow
Cash Flow
$2,277 income − $4,210 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,277
Total Expenses
$4,210
Mortgage P&I
129%
$2,926
Property Taxes
22%
$499
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0