This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $111k initial cash invested.
-18.04%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$3,048
Rent
-$1,673
Cashflow
Cash Flow
$3,048 income − $4,721 expenses = $1,673 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,048
Total Expenses
$4,721
Mortgage P&I
96%
$2,935
Property Taxes
27%
$808
Home Insurance
6%
$186
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0