This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $110k initial cash invested.
-14.19%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,753
Rent
-$1,299
Cashflow
Cash Flow
$2,753 income − $4,052 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,753
Total Expenses
$4,052
Mortgage P&I
104%
$2,870
Property Taxes
10%
$279
Home Insurance
7%
$187
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0