This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $113k initial cash invested.
-16.45%
Cash On Cash
3%
Cap Rate
0.48
DSCR
$2,375
Rent
-$1,544
Cashflow
Cash Flow
$2,375 income − $3,919 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,363
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$3,919
Mortgage P&I
116%
$2,766
Property Taxes
13%
$303
Home Insurance
8%
$189
HOA
2%
$43
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0