This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $110k initial cash invested.
-19.5%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$1,883
Rent
-$1,792
Cashflow
Cash Flow
$1,883 income − $3,675 expenses = $1,792 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,883
Total Expenses
$3,675
Mortgage P&I
143%
$2,696
Property Taxes
16%
$306
Home Insurance
10%
$184
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0