This property looks like a bad Long-Term investment with a projected -15.86% first-year return on $110k initial cash invested.
-15.86%
Cash On Cash
3.14%
Cap Rate
0.51
DSCR
$2,611
Rent
-$1,459
Cashflow
Cash Flow
$2,611 income − $4,070 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,611
Total Expenses
$4,070
Mortgage P&I
104%
$2,704
Property Taxes
19%
$495
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0