This property looks like a bad Long-Term investment with a projected -22.59% first-year return on $112k initial cash invested.
-22.59%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$2,052
Rent
-$2,116
Cashflow
Cash Flow
$2,052 income − $4,168 expenses = $2,116 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,352
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,052
Total Expenses
$4,168
Mortgage P&I
143%
$2,934
Property Taxes
25%
$509
Home Insurance
9%
$191
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0