This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $111k initial cash invested.
-16.57%
Cash On Cash
3.49%
Cap Rate
0.52
DSCR
$2,675
Rent
-$1,537
Cashflow
Cash Flow
$2,675 income − $4,212 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,675
Total Expenses
$4,212
Mortgage P&I
110%
$2,945
Property Taxes
14%
$375
Home Insurance
7%
$186
HOA
0%
$10
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0