This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $112k initial cash invested.
-17.86%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,511
Rent
-$1,662
Cashflow
Cash Flow
$2,511 income − $4,173 expenses = $1,662 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,511
Total Expenses
$4,173
Mortgage P&I
112%
$2,806
Property Taxes
17%
$424
Home Insurance
12%
$289
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0