This property looks like a bad Long-Term investment with a projected -15.8% first-year return on $111k initial cash invested.
-15.8%
Cash On Cash
3.74%
Cap Rate
0.56
DSCR
$3,266
Rent
-$1,467
Cashflow
Cash Flow
$3,266 income − $4,733 expenses = $1,467 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,266
Total Expenses
$4,733
Mortgage P&I
91%
$2,957
Property Taxes
23%
$741
Home Insurance
6%
$186
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0