This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $112k initial cash invested.
-15.26%
Cash On Cash
3.19%
Cap Rate
0.53
DSCR
$3,144
Rent
-$1,428
Cashflow
Cash Flow
$3,144 income − $4,572 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,346
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$4,572
Mortgage P&I
86%
$2,694
Property Taxes
27%
$862
Home Insurance
6%
$199
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0