This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $113k initial cash invested.
-13.82%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$3,175
Rent
-$1,299
Cashflow
Cash Flow
$3,175 income − $4,474 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,175
Total Expenses
$4,474
Mortgage P&I
90%
$2,872
Property Taxes
18%
$584
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$190
Maintenance
5%
$159
Other
0%
$0