This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $112k initial cash invested.
-13.35%
Cash On Cash
4.29%
Cap Rate
0.64
DSCR
$3,625
Rent
-$1,248
Cashflow
Cash Flow
$3,625 income − $4,873 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,625
Total Expenses
$4,873
Mortgage P&I
82%
$2,977
Property Taxes
21%
$770
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0