This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $110k initial cash invested.
-21.8%
Cash On Cash
2.38%
Cap Rate
0.35
DSCR
$1,801
Rent
-$2,003
Cashflow
Cash Flow
$1,801 income − $3,804 expenses = $2,003 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,801
Total Expenses
$3,804
Mortgage P&I
164%
$2,955
Property Taxes
11%
$197
Home Insurance
10%
$184
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0