This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $110k initial cash invested.
-17.65%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$2,644
Rent
-$1,616
Cashflow
Cash Flow
$2,644 income − $4,260 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$4,260
Mortgage P&I
110%
$2,910
Property Taxes
18%
$479
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0