This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $111k initial cash invested.
-17.41%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$2,305
Rent
-$1,615
Cashflow
Cash Flow
$2,305 income − $3,920 expenses = $1,615 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$3,920
Mortgage P&I
128%
$2,943
Property Taxes
8%
$180
Home Insurance
8%
$186
HOA
1%
$13
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0