This property looks like a bad Long-Term investment with a projected -21.99% first-year return on $111k initial cash invested.
-21.99%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$2,183
Rent
-$2,039
Cashflow
Cash Flow
$2,183 income − $4,222 expenses = $2,039 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,183
Total Expenses
$4,222
Mortgage P&I
131%
$2,861
Property Taxes
28%
$608
Home Insurance
9%
$186
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0