This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $111k initial cash invested.
-18.14%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,124
Rent
-$1,680
Cashflow
Cash Flow
$2,124 income − $3,804 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,124
Total Expenses
$3,804
Mortgage P&I
134%
$2,841
Property Taxes
10%
$222
Home Insurance
9%
$190
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0