This property looks like a bad Long-Term investment with a projected -16.85% first-year return on $113k initial cash invested.
-16.85%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$2,634
Rent
-$1,583
Cashflow
Cash Flow
$2,634 income − $4,217 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,367
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,634
Total Expenses
$4,217
Mortgage P&I
103%
$2,704
Property Taxes
24%
$632
Home Insurance
7%
$196
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0