This property looks like a bad Long-Term investment with a projected -19.97% first-year return on $111k initial cash invested.
-19.97%
Cash On Cash
2.6%
Cap Rate
0.4
DSCR
$2,355
Rent
-$1,847
Cashflow
Cash Flow
$2,355 income − $4,202 expenses = $1,847 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,355
Total Expenses
$4,202
Mortgage P&I
122%
$2,876
Property Taxes
22%
$522
Home Insurance
8%
$191
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0