This property looks like a bad Long-Term investment with a projected -18.51% first-year return on $112k initial cash invested.
-18.51%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$2,192
Rent
-$1,720
Cashflow
Cash Flow
$2,192 income − $3,912 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,311
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,192
Total Expenses
$3,912
Mortgage P&I
129%
$2,821
Property Taxes
15%
$322
Home Insurance
9%
$198
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0