This property looks like a bad Long-Term investment with a projected -16.68% first-year return on $113k initial cash invested.
-16.68%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$2,114
Rent
-$1,565
Cashflow
Cash Flow
$2,114 income − $3,679 expenses = $1,565 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
$2,114
Total Expenses
$3,679
Mortgage P&I
139%
$2,929
Property Taxes
0%
$8
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0