This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $110k initial cash invested.
-14.08%
Cash On Cash
3.53%
Cap Rate
0.57
DSCR
$2,834
Rent
-$1,293
Cashflow
Cash Flow
$2,834 income − $4,127 expenses = $1,293 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,834
Total Expenses
$4,127
Mortgage P&I
95%
$2,693
Property Taxes
18%
$513
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0