This property looks like a bad Long-Term investment with a projected -19.65% first-year return on $110k initial cash invested.
-19.65%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$1,947
Rent
-$1,795
Cashflow
Cash Flow
$1,947 income − $3,742 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,947
Total Expenses
$3,742
Mortgage P&I
147%
$2,865
Property Taxes
9%
$179
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0