This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $111k initial cash invested.
-20.89%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$2,344
Rent
-$1,931
Cashflow
Cash Flow
$2,344 income − $4,275 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,281
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,344
Total Expenses
$4,275
Mortgage P&I
122%
$2,870
Property Taxes
26%
$600
Home Insurance
8%
$192
HOA
0%
$4
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0