This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $111k initial cash invested.
-16.7%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$2,522
Rent
-$1,549
Cashflow
Cash Flow
$2,522 income − $4,071 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,522
Total Expenses
$4,071
Mortgage P&I
112%
$2,829
Property Taxes
16%
$401
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0