This property looks like a bad Long-Term investment with a projected -23.25% first-year return on $111k initial cash invested.
-23.25%
Cash On Cash
1.44%
Cap Rate
0.24
DSCR
$1,606
Rent
-$2,156
Cashflow
Cash Flow
$1,606 income − $3,762 expenses = $2,156 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%
$5,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,606
Total Expenses
$3,762
Mortgage P&I
169%
$2,714
Property Taxes
28%
$445
Home Insurance
12%
$186
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0