This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $111k initial cash invested.
-17.36%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,423
Rent
-$1,607
Cashflow
Cash Flow
$2,423 income − $4,030 expenses = $1,607 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$4,030
Mortgage P&I
119%
$2,895
Property Taxes
13%
$320
Home Insurance
8%
$186
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0