This property looks like a bad Long-Term investment with a projected -16.01% first-year return on $110k initial cash invested.
-16.01%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$2,071
Rent
-$1,469
Cashflow
Cash Flow
$2,071 income − $3,540 expenses = $1,469 out of pocket
Investment Breakdown
|
Purchase Price
$524k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,071
Total Expenses
$3,540
Mortgage P&I
131%
$2,713
Property Taxes
4%
$79
Home Insurance
9%
$192
HOA
1%
$17
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0