This property looks like a bad Long-Term investment with a projected -16.96% first-year return on $111k initial cash invested.
-16.96%
Cash On Cash
3.04%
Cap Rate
0.48
DSCR
$2,358
Rent
-$1,570
Cashflow
Cash Flow
$2,358 income − $3,928 expenses = $1,570 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,358
Total Expenses
$3,928
Mortgage P&I
118%
$2,794
Property Taxes
14%
$336
Home Insurance
8%
$185
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0