This property looks like a bad Long-Term investment with a projected -20.86% first-year return on $111k initial cash invested.
-20.86%
Cash On Cash
2.58%
Cap Rate
0.38
DSCR
$1,857
Rent
-$1,931
Cashflow
Cash Flow
$1,857 income − $3,788 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,857
Total Expenses
$3,788
Mortgage P&I
160%
$2,975
Property Taxes
7%
$122
Home Insurance
10%
$185
HOA
1%
$23
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0