This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $111k initial cash invested.
-14.45%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$2,956
Rent
-$1,335
Cashflow
Cash Flow
$2,956 income − $4,291 expenses = $1,335 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%
$5,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,956
Total Expenses
$4,291
Mortgage P&I
97%
$2,861
Property Taxes
10%
$309
Home Insurance
8%
$240
HOA
4%
$112
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0