This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $113k initial cash invested.
-16.78%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$2,765
Rent
-$1,580
Cashflow
Cash Flow
$2,765 income − $4,345 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,381
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,765
Total Expenses
$4,345
Mortgage P&I
107%
$2,950
Property Taxes
18%
$486
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0