This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $110k initial cash invested.
-16.2%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$2,509
Rent
-$1,481
Cashflow
Cash Flow
$2,509 income − $3,990 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,509
Total Expenses
$3,990
Mortgage P&I
115%
$2,892
Property Taxes
9%
$227
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$151
Maintenance
5%
$125
Other
0%
$0