This property looks like a bad Long-Term investment with a projected -16.32% first-year return on $112k initial cash invested.
-16.32%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$2,387
Rent
-$1,522
Cashflow
Cash Flow
$2,387 income − $3,909 expenses = $1,522 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,328
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,387
Total Expenses
$3,909
Mortgage P&I
124%
$2,963
Property Taxes
6%
$134
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0