This property looks like a bad Long-Term investment with a projected -21.81% first-year return on $111k initial cash invested.
-21.81%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$2,371
Rent
-$2,024
Cashflow
Cash Flow
$2,371 income − $4,395 expenses = $2,024 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,371
Total Expenses
$4,395
Mortgage P&I
119%
$2,816
Property Taxes
30%
$700
Home Insurance
11%
$262
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0