This property looks like a bad Long-Term investment with a projected -16% first-year return on $111k initial cash invested.
-16%
Cash On Cash
3.21%
Cap Rate
0.51
DSCR
$2,289
Rent
-$1,474
Cashflow
Cash Flow
$2,289 income − $3,763 expenses = $1,474 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$105k
Closing costs
1%
$5,263
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,289
Total Expenses
$3,763
Mortgage P&I
121%
$2,768
Property Taxes
9%
$212
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0