This property looks like a bad Long-Term investment with a projected -18.05% first-year return on $111k initial cash invested.
-18.05%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$2,583
Rent
-$1,677
Cashflow
Cash Flow
$2,583 income − $4,260 expenses = $1,677 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,583
Total Expenses
$4,260
Mortgage P&I
109%
$2,811
Property Taxes
15%
$391
Home Insurance
7%
$187
HOA
8%
$200
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0