This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $110k initial cash invested.
-17.9%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$2,248
Rent
-$1,645
Cashflow
Cash Flow
$2,248 income − $3,893 expenses = $1,645 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,248
Total Expenses
$3,893
Mortgage P&I
130%
$2,915
Property Taxes
9%
$210
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0