This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $111k initial cash invested.
-14.81%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$2,941
Rent
-$1,369
Cashflow
Cash Flow
$2,941 income − $4,310 expenses = $1,369 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,941
Total Expenses
$4,310
Mortgage P&I
97%
$2,857
Property Taxes
16%
$468
Home Insurance
6%
$186
HOA
1%
$35
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0