This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $112k initial cash invested.
-14.63%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$3,442
Rent
-$1,365
Cashflow
Cash Flow
$3,442 income − $4,807 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,331
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,442
Total Expenses
$4,807
Mortgage P&I
79%
$2,714
Property Taxes
30%
$1,023
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0