This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $110k initial cash invested.
-15.97%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$2,993
Rent
-$1,460
Cashflow
Cash Flow
$2,993 income − $4,453 expenses = $1,460 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,993
Total Expenses
$4,453
Mortgage P&I
98%
$2,922
Property Taxes
19%
$565
Home Insurance
6%
$187
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0