This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $110k initial cash invested.
-14.71%
Cash On Cash
3.53%
Cap Rate
0.57
DSCR
$3,638
Rent
-$1,350
Cashflow
Cash Flow
$3,638 income − $4,988 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,638
Total Expenses
$4,988
Mortgage P&I
74%
$2,710
Property Taxes
31%
$1,145
Home Insurance
5%
$187
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0