This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $111k initial cash invested.
-19.39%
Cash On Cash
2.66%
Cap Rate
0.41
DSCR
$2,018
Rent
-$1,790
Cashflow
Cash Flow
$2,018 income − $3,808 expenses = $1,790 out of pocket
Investment Breakdown
|
Purchase Price
$528k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,018
Total Expenses
$3,808
Mortgage P&I
142%
$2,860
Property Taxes
11%
$231
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0