This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $113k initial cash invested.
-14.79%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$3,224
Rent
-$1,389
Cashflow
Cash Flow
$3,224 income − $4,613 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,366
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,224
Total Expenses
$4,613
Mortgage P&I
91%
$2,930
Property Taxes
19%
$619
Home Insurance
7%
$227
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0