This property looks like a bad Long-Term investment with a projected -20.11% first-year return on $112k initial cash invested.
-20.11%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$1,849
Rent
-$1,883
Cashflow
Cash Flow
$1,849 income − $3,732 expenses = $1,883 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,849
Total Expenses
$3,732
Mortgage P&I
156%
$2,883
Property Taxes
10%
$182
Home Insurance
10%
$187
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0