This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $111k initial cash invested.
-13.87%
Cash On Cash
3.43%
Cap Rate
0.56
DSCR
$2,332
Rent
-$1,284
Cashflow
Cash Flow
$2,332 income − $3,616 expenses = $1,284 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$3,616
Mortgage P&I
115%
$2,680
Property Taxes
6%
$137
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0