This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $112k initial cash invested.
-14.8%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$2,861
Rent
-$1,386
Cashflow
Cash Flow
$2,861 income − $4,247 expenses = $1,386 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,861
Total Expenses
$4,247
Mortgage P&I
100%
$2,847
Property Taxes
16%
$467
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0