This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $112k initial cash invested.
-13.48%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$2,721
Rent
-$1,254
Cashflow
Cash Flow
$2,721 income − $3,975 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,317
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,721
Total Expenses
$3,975
Mortgage P&I
100%
$2,724
Property Taxes
11%
$311
Home Insurance
7%
$187
HOA
2%
$46
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0