This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $113k initial cash invested.
-11.82%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$4,662
Rent
-$1,114
Cashflow
Cash Flow
$4,662 income − $5,776 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,384
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,662
Total Expenses
$5,776
Mortgage P&I
63%
$2,914
Property Taxes
20%
$933
Home Insurance
4%
$192
HOA
11%
$525
Property Management
10%
$466
CapEx
5%
$233
Vacancy
6%
$280
Maintenance
5%
$233
Other
0%
$0