This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $110k initial cash invested.
-15.62%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,788
Rent
-$1,435
Cashflow
Cash Flow
$2,788 income − $4,223 expenses = $1,435 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,788
Total Expenses
$4,223
Mortgage P&I
101%
$2,821
Property Taxes
18%
$494
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0