This property looks like a bad Long-Term investment with a projected -17.53% first-year return on $110k initial cash invested.
-17.53%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,596
Rent
-$1,611
Cashflow
Cash Flow
$2,596 income − $4,207 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,596
Total Expenses
$4,207
Mortgage P&I
111%
$2,879
Property Taxes
18%
$468
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0