This property looks like a bad Long-Term investment with a projected -21.98% first-year return on $110k initial cash invested.
-21.98%
Cash On Cash
2.35%
Cap Rate
0.35
DSCR
$1,763
Rent
-$2,009
Cashflow
Cash Flow
$1,763 income − $3,772 expenses = $2,009 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,763
Total Expenses
$3,772
Mortgage P&I
167%
$2,942
Property Taxes
10%
$180
Home Insurance
11%
$192
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0