This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $110k initial cash invested.
-22.87%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$1,528
Rent
-$2,088
Cashflow
Cash Flow
$1,528 income − $3,616 expenses = $2,088 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,528
Total Expenses
$3,616
Mortgage P&I
188%
$2,875
Property Taxes
10%
$152
Home Insurance
13%
$192
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0