This property looks like a bad Long-Term investment with a projected -15.8% first-year return on $110k initial cash invested.
-15.8%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$2,652
Rent
-$1,449
Cashflow
Cash Flow
$2,652 income − $4,101 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,652
Total Expenses
$4,101
Mortgage P&I
108%
$2,869
Property Taxes
4%
$111
Home Insurance
7%
$187
HOA
9%
$244
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0