This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $111k initial cash invested.
-18.73%
Cash On Cash
2.69%
Cap Rate
0.42
DSCR
$2,090
Rent
-$1,737
Cashflow
Cash Flow
$2,090 income − $3,827 expenses = $1,737 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,090
Total Expenses
$3,827
Mortgage P&I
135%
$2,821
Property Taxes
13%
$278
Home Insurance
9%
$186
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0