This property looks like a bad Long-Term investment with a projected -17.17% first-year return on $110k initial cash invested.
-17.17%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$2,519
Rent
-$1,579
Cashflow
Cash Flow
$2,519 income − $4,098 expenses = $1,579 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$4,098
Mortgage P&I
112%
$2,812
Property Taxes
12%
$312
Home Insurance
13%
$319
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0