This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $110k initial cash invested.
-12.85%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$3,012
Rent
-$1,181
Cashflow
Cash Flow
$3,012 income − $4,193 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,012
Total Expenses
$4,193
Mortgage P&I
96%
$2,883
Property Taxes
11%
$342
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0