This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $110k initial cash invested.
-15.48%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,666
Rent
-$1,419
Cashflow
Cash Flow
$2,666 income − $4,085 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,666
Total Expenses
$4,085
Mortgage P&I
107%
$2,865
Property Taxes
10%
$255
Home Insurance
7%
$189
HOA
3%
$83
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0