This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $112k initial cash invested.
-14.05%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$2,985
Rent
-$1,313
Cashflow
Cash Flow
$2,985 income − $4,298 expenses = $1,313 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,985
Total Expenses
$4,298
Mortgage P&I
96%
$2,856
Property Taxes
11%
$323
Home Insurance
6%
$192
HOA
5%
$152
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0