This property looks like a bad Long-Term investment with a projected -23.48% first-year return on $111k initial cash invested.
-23.48%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$1,810
Rent
-$2,165
Cashflow
Cash Flow
$1,810 income − $3,975 expenses = $2,165 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$105k
Closing costs
1%
$5,269
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$3,975
Mortgage P&I
157%
$2,838
Property Taxes
26%
$479
Home Insurance
10%
$184
HOA
0%
$4
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0