This property looks like a bad Long-Term investment with a projected -16.96% first-year return on $110k initial cash invested.
-16.96%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$2,302
Rent
-$1,548
Cashflow
Cash Flow
$2,302 income − $3,850 expenses = $1,548 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,302
Total Expenses
$3,850
Mortgage P&I
121%
$2,776
Property Taxes
11%
$242
Home Insurance
8%
$184
HOA
2%
$50
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0