This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $111k initial cash invested.
-14.64%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$2,644
Rent
-$1,353
Cashflow
Cash Flow
$2,644 income − $3,997 expenses = $1,353 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$3,997
Mortgage P&I
110%
$2,918
Property Taxes
8%
$208
Home Insurance
7%
$180
HOA
0%
$4
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0