This property looks like a bad Long-Term investment with a projected -18.29% first-year return on $111k initial cash invested.
-18.29%
Cash On Cash
2.58%
Cap Rate
0.41
DSCR
$1,802
Rent
-$1,693
Cashflow
Cash Flow
$1,802 income − $3,495 expenses = $1,693 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,802
Total Expenses
$3,495
Mortgage P&I
152%
$2,739
Property Taxes
5%
$96
Home Insurance
11%
$192
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0