This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $111k initial cash invested.
-14.89%
Cash On Cash
3.53%
Cap Rate
0.56
DSCR
$2,691
Rent
-$1,383
Cashflow
Cash Flow
$2,691 income − $4,074 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,307
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,691
Total Expenses
$4,074
Mortgage P&I
104%
$2,810
Property Taxes
12%
$328
Home Insurance
7%
$175
HOA
2%
$61
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$161
Maintenance
5%
$135
Other
0%
$0