This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $110k initial cash invested.
-15.92%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,590
Rent
-$1,464
Cashflow
Cash Flow
$2,590 income − $4,054 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$105k
Closing costs
1%
$5,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,590
Total Expenses
$4,054
Mortgage P&I
110%
$2,861
Property Taxes
13%
$334
Home Insurance
7%
$185
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0