This property looks like a bad Long-Term investment with a projected -16.44% first-year return on $112k initial cash invested.
-16.44%
Cash On Cash
2.87%
Cap Rate
0.47
DSCR
$1,961
Rent
-$1,530
Cashflow
Cash Flow
$1,961 income − $3,491 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,318
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$3,491
Mortgage P&I
138%
$2,703
Property Taxes
4%
$86
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0