This property looks like a bad Long-Term investment with a projected -17.76% first-year return on $111k initial cash invested.
-17.76%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$2,932
Rent
-$1,637
Cashflow
Cash Flow
$2,932 income − $4,569 expenses = $1,637 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$105k
Closing costs
1%
$5,268
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,932
Total Expenses
$4,569
Mortgage P&I
99%
$2,901
Property Taxes
24%
$716
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0