This property looks like a bad Long-Term investment with a projected -15.8% first-year return on $110k initial cash invested.
-15.8%
Cash On Cash
3.69%
Cap Rate
0.55
DSCR
$3,095
Rent
-$1,454
Cashflow
Cash Flow
$3,095 income − $4,549 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,259
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,095
Total Expenses
$4,549
Mortgage P&I
94%
$2,917
Property Taxes
21%
$642
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0