This property looks like a bad Long-Term investment with a projected -17% first-year return on $111k initial cash invested.
-17%
Cash On Cash
3.42%
Cap Rate
0.51
DSCR
$3,073
Rent
-$1,568
Cashflow
Cash Flow
$3,073 income − $4,641 expenses = $1,568 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$105k
Closing costs
1%
$5,270
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,073
Total Expenses
$4,641
Mortgage P&I
95%
$2,915
Property Taxes
22%
$663
Home Insurance
6%
$191
HOA
2%
$73
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0