This property looks like a bad Long-Term investment with a projected -20.07% first-year return on $110k initial cash invested.
-20.07%
Cash On Cash
2.53%
Cap Rate
0.4
DSCR
$3,134
Rent
-$1,839
Cashflow
Cash Flow
$3,134 income − $4,973 expenses = $1,839 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%
$5,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,134
Total Expenses
$4,973
Mortgage P&I
89%
$2,785
Property Taxes
14%
$445
Home Insurance
6%
$191
HOA
24%
$737
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0