This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $112k initial cash invested.
-11.51%
Cash On Cash
4.11%
Cap Rate
0.66
DSCR
$2,893
Rent
-$1,073
Cashflow
Cash Flow
$2,893 income − $3,966 expenses = $1,073 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,893
Total Expenses
$3,966
Mortgage P&I
95%
$2,751
Property Taxes
9%
$270
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0