This property looks like a bad Long-Term investment with a projected -15.82% first-year return on $111k initial cash invested.
-15.82%
Cash On Cash
3.07%
Cap Rate
0.5
DSCR
$2,417
Rent
-$1,465
Cashflow
Cash Flow
$2,417 income − $3,882 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,417
Total Expenses
$3,882
Mortgage P&I
112%
$2,699
Property Taxes
15%
$370
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0