This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $111k initial cash invested.
-16.08%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$3,210
Rent
-$1,488
Cashflow
Cash Flow
$3,210 income − $4,698 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$4,698
Mortgage P&I
92%
$2,947
Property Taxes
23%
$733
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0