This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $110k initial cash invested.
-16.42%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$3,079
Rent
-$1,509
Cashflow
Cash Flow
$3,079 income − $4,588 expenses = $1,509 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,079
Total Expenses
$4,588
Mortgage P&I
93%
$2,855
Property Taxes
23%
$720
Home Insurance
6%
$184
HOA
1%
$28
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0