This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $111k initial cash invested.
-14.06%
Cash On Cash
4.14%
Cap Rate
0.61
DSCR
$2,978
Rent
-$1,302
Cashflow
Cash Flow
$2,978 income − $4,280 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,978
Total Expenses
$4,280
Mortgage P&I
100%
$2,977
Property Taxes
12%
$343
Home Insurance
6%
$185
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0