This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $111k initial cash invested.
-18.96%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$2,520
Rent
-$1,756
Cashflow
Cash Flow
$2,520 income − $4,276 expenses = $1,756 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,520
Total Expenses
$4,276
Mortgage P&I
107%
$2,694
Property Taxes
29%
$731
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0