This property looks like a bad Long-Term investment with a projected -22.4% first-year return on $111k initial cash invested.
-22.4%
Cash On Cash
1.64%
Cap Rate
0.27
DSCR
$1,950
Rent
-$2,078
Cashflow
Cash Flow
$1,950 income − $4,028 expenses = $2,078 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$4,028
Mortgage P&I
139%
$2,706
Property Taxes
31%
$611
Home Insurance
10%
$192
HOA
1%
$11
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0