This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $111k initial cash invested.
-16.42%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$2,494
Rent
-$1,517
Cashflow
Cash Flow
$2,494 income − $4,011 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$4,011
Mortgage P&I
116%
$2,894
Property Taxes
10%
$251
Home Insurance
8%
$192
HOA
1%
$25
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0