This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $110k initial cash invested.
-13.63%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$2,641
Rent
-$1,252
Cashflow
Cash Flow
$2,641 income − $3,893 expenses = $1,252 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,641
Total Expenses
$3,893
Mortgage P&I
102%
$2,695
Property Taxes
12%
$328
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0