This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $111k initial cash invested.
-16.51%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$2,799
Rent
-$1,531
Cashflow
Cash Flow
$2,799 income − $4,330 expenses = $1,531 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,799
Total Expenses
$4,330
Mortgage P&I
101%
$2,832
Property Taxes
12%
$338
Home Insurance
7%
$186
HOA
9%
$246
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0