This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $110k initial cash invested.
-17.44%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$2,199
Rent
-$1,599
Cashflow
Cash Flow
$2,199 income − $3,798 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,199
Total Expenses
$3,798
Mortgage P&I
123%
$2,694
Property Taxes
16%
$349
Home Insurance
8%
$183
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0