This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $110k initial cash invested.
-19.33%
Cash On Cash
2.36%
Cap Rate
0.38
DSCR
$1,741
Rent
-$1,772
Cashflow
Cash Flow
$1,741 income − $3,513 expenses = $1,772 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,741
Total Expenses
$3,513
Mortgage P&I
156%
$2,713
Property Taxes
9%
$161
Home Insurance
11%
$187
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0