This property looks like a bad Long-Term investment with a projected -18.34% first-year return on $110k initial cash invested.
-18.34%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$2,089
Rent
-$1,681
Cashflow
Cash Flow
$2,089 income − $3,770 expenses = $1,681 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,089
Total Expenses
$3,770
Mortgage P&I
136%
$2,846
Property Taxes
8%
$177
Home Insurance
10%
$201
HOA
0%
$4
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0