This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $111k initial cash invested.
-14.14%
Cash On Cash
3.53%
Cap Rate
0.57
DSCR
$2,677
Rent
-$1,309
Cashflow
Cash Flow
$2,677 income − $3,986 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$3,986
Mortgage P&I
102%
$2,730
Property Taxes
14%
$367
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0