This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $111k initial cash invested.
-13.57%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$2,449
Rent
-$1,256
Cashflow
Cash Flow
$2,449 income − $3,705 expenses = $1,256 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$3,705
Mortgage P&I
111%
$2,709
Property Taxes
7%
$175
Home Insurance
8%
$185
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0