This property looks like a bad Long-Term investment with a projected -19.26% first-year return on $112k initial cash invested.
-19.26%
Cash On Cash
2.7%
Cap Rate
0.42
DSCR
$2,622
Rent
-$1,795
Cashflow
Cash Flow
$2,622 income − $4,417 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,622
Total Expenses
$4,417
Mortgage P&I
109%
$2,861
Property Taxes
25%
$657
Home Insurance
7%
$189
HOA
1%
$29
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0