This property looks like a bad Long-Term investment with a projected -17.27% first-year return on $110k initial cash invested.
-17.27%
Cash On Cash
3.12%
Cap Rate
0.49
DSCR
$2,900
Rent
-$1,589
Cashflow
Cash Flow
$2,900 income − $4,489 expenses = $1,589 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,257
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$4,489
Mortgage P&I
97%
$2,812
Property Taxes
25%
$718
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0