This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $113k initial cash invested.
-14.25%
Cash On Cash
3.45%
Cap Rate
0.57
DSCR
$3,132
Rent
-$1,338
Cashflow
Cash Flow
$3,132 income − $4,470 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,364
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,132
Total Expenses
$4,470
Mortgage P&I
87%
$2,721
Property Taxes
24%
$750
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0