This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $111k initial cash invested.
-17.46%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$2,157
Rent
-$1,616
Cashflow
Cash Flow
$2,157 income − $3,773 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,157
Total Expenses
$3,773
Mortgage P&I
131%
$2,827
Property Taxes
9%
$200
Home Insurance
9%
$185
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0