This property looks like a bad Long-Term investment with a projected -14.67% first-year return on $110k initial cash invested.
-14.67%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$2,523
Rent
-$1,342
Cashflow
Cash Flow
$2,523 income − $3,865 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,229
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$3,865
Mortgage P&I
105%
$2,652
Property Taxes
15%
$375
Home Insurance
7%
$183
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0