This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $111k initial cash invested.
-16.63%
Cash On Cash
3.4%
Cap Rate
0.51
DSCR
$2,319
Rent
-$1,537
Cashflow
Cash Flow
$2,319 income − $3,856 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$3,856
Mortgage P&I
126%
$2,919
Property Taxes
6%
$145
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0