This property looks like a bad Long-Term investment with a projected -21.27% first-year return on $111k initial cash invested.
-21.27%
Cash On Cash
1.87%
Cap Rate
0.3
DSCR
$1,478
Rent
-$1,972
Cashflow
Cash Flow
$1,478 income − $3,450 expenses = $1,972 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,478
Total Expenses
$3,450
Mortgage P&I
184%
$2,722
Property Taxes
11%
$157
Home Insurance
13%
$186
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0