This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $110k initial cash invested.
-19.05%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$1,617
Rent
-$1,751
Cashflow
Cash Flow
$1,617 income − $3,368 expenses = $1,751 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,251
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,617
Total Expenses
$3,368
Mortgage P&I
166%
$2,679
Property Taxes
5%
$76
Home Insurance
12%
$192
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0