This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $111k initial cash invested.
-16.36%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$3,124
Rent
-$1,516
Cashflow
Cash Flow
$3,124 income − $4,640 expenses = $1,516 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,124
Total Expenses
$4,640
Mortgage P&I
94%
$2,946
Property Taxes
23%
$703
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0