This property looks like a bad Long-Term investment with a projected -22.17% first-year return on $110k initial cash invested.
-22.17%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$1,811
Rent
-$2,027
Cashflow
Cash Flow
$1,811 income − $3,838 expenses = $2,027 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,811
Total Expenses
$3,838
Mortgage P&I
158%
$2,862
Property Taxes
17%
$304
Home Insurance
11%
$200
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0