This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $112k initial cash invested.
-16.77%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$2,104
Rent
-$1,564
Cashflow
Cash Flow
$2,104 income − $3,668 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,330
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,104
Total Expenses
$3,668
Mortgage P&I
138%
$2,896
Property Taxes
2%
$39
Home Insurance
9%
$187
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0