This property looks like a bad Long-Term investment with a projected -17.39% first-year return on $111k initial cash invested.
-17.39%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$3,064
Rent
-$1,613
Cashflow
Cash Flow
$3,064 income − $4,677 expenses = $1,613 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,064
Total Expenses
$4,677
Mortgage P&I
96%
$2,930
Property Taxes
24%
$743
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0