This property looks like a bad Long-Term investment with a projected -19.47% first-year return on $111k initial cash invested.
-19.47%
Cash On Cash
3.04%
Cap Rate
0.44
DSCR
$2,583
Rent
-$1,804
Cashflow
Cash Flow
$2,583 income − $4,387 expenses = $1,804 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,295
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,583
Total Expenses
$4,387
Mortgage P&I
117%
$3,018
Property Taxes
20%
$513
Home Insurance
7%
$185
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0