This property looks like a bad Long-Term investment with a projected -14.95% first-year return on $110k initial cash invested.
-14.95%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,815
Rent
-$1,368
Cashflow
Cash Flow
$2,815 income − $4,183 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$523k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,815
Total Expenses
$4,183
Mortgage P&I
100%
$2,819
Property Taxes
16%
$448
Home Insurance
7%
$183
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0