This property looks like a bad Long-Term investment with a projected -16.47% first-year return on $111k initial cash invested.
-16.47%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$2,351
Rent
-$1,528
Cashflow
Cash Flow
$2,351 income − $3,879 expenses = $1,528 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$3,879
Mortgage P&I
123%
$2,892
Property Taxes
6%
$147
Home Insurance
8%
$186
HOA
2%
$42
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0