This property looks like a bad Long-Term investment with a projected -17.91% first-year return on $111k initial cash invested.
-17.91%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$2,181
Rent
-$1,658
Cashflow
Cash Flow
$2,181 income − $3,839 expenses = $1,658 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$3,839
Mortgage P&I
133%
$2,905
Property Taxes
8%
$182
Home Insurance
8%
$185
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0