This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $111k initial cash invested.
-16.94%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$2,770
Rent
-$1,565
Cashflow
Cash Flow
$2,770 income − $4,335 expenses = $1,565 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,770
Total Expenses
$4,335
Mortgage P&I
97%
$2,681
Property Taxes
27%
$749
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0