This property looks like a bad Long-Term investment with a projected -16.07% first-year return on $110k initial cash invested.
-16.07%
Cash On Cash
3.35%
Cap Rate
0.53
DSCR
$3,260
Rent
-$1,467
Cashflow
Cash Flow
$3,260 income − $4,727 expenses = $1,467 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,260
Total Expenses
$4,727
Mortgage P&I
85%
$2,758
Property Taxes
26%
$834
Home Insurance
6%
$187
HOA
3%
$100
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0