This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $110k initial cash invested.
-17.65%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$2,680
Rent
-$1,617
Cashflow
Cash Flow
$2,680 income − $4,297 expenses = $1,617 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$4,297
Mortgage P&I
106%
$2,846
Property Taxes
13%
$342
Home Insurance
7%
$184
HOA
9%
$228
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0