This property looks like a bad Long-Term investment with a projected -20.52% first-year return on $110k initial cash invested.
-20.52%
Cash On Cash
2.28%
Cap Rate
0.36
DSCR
$1,978
Rent
-$1,881
Cashflow
Cash Flow
$1,978 income − $3,859 expenses = $1,881 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$3,859
Mortgage P&I
140%
$2,777
Property Taxes
19%
$376
Home Insurance
10%
$191
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0