This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $112k initial cash invested.
-15.76%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$3,063
Rent
-$1,475
Cashflow
Cash Flow
$3,063 income − $4,538 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$4,538
Mortgage P&I
96%
$2,926
Property Taxes
15%
$456
Home Insurance
6%
$189
HOA
6%
$171
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0