This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $110k initial cash invested.
-16.05%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,682
Rent
-$1,475
Cashflow
Cash Flow
$2,682 income − $4,157 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,682
Total Expenses
$4,157
Mortgage P&I
106%
$2,855
Property Taxes
16%
$421
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0