This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $113k initial cash invested.
-13.78%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,994
Rent
-$1,293
Cashflow
Cash Flow
$2,994 income − $4,287 expenses = $1,293 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,361
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,994
Total Expenses
$4,287
Mortgage P&I
98%
$2,946
Property Taxes
12%
$370
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0