This property looks like a bad Long-Term investment with a projected -19.37% first-year return on $111k initial cash invested.
-19.37%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$2,280
Rent
-$1,794
Cashflow
Cash Flow
$2,280 income − $4,074 expenses = $1,794 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,280
Total Expenses
$4,074
Mortgage P&I
126%
$2,876
Property Taxes
16%
$369
Home Insurance
10%
$236
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0