This property looks like a bad Long-Term investment with a projected -23.3% first-year return on $110k initial cash invested.
-23.3%
Cash On Cash
1.81%
Cap Rate
0.28
DSCR
$1,593
Rent
-$2,140
Cashflow
Cash Flow
$1,593 income − $3,733 expenses = $2,140 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,593
Total Expenses
$3,733
Mortgage P&I
179%
$2,852
Property Taxes
18%
$282
Home Insurance
12%
$184
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0