This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $111k initial cash invested.
-16.77%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$2,718
Rent
-$1,553
Cashflow
Cash Flow
$2,718 income − $4,271 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,718
Total Expenses
$4,271
Mortgage P&I
106%
$2,887
Property Taxes
14%
$385
Home Insurance
6%
$175
HOA
4%
$117
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0