This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $113k initial cash invested.
-12.12%
Cash On Cash
4.06%
Cap Rate
0.65
DSCR
$3,501
Rent
-$1,141
Cashflow
Cash Flow
$3,501 income − $4,642 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,501
Total Expenses
$4,642
Mortgage P&I
80%
$2,786
Property Taxes
22%
$757
Home Insurance
5%
$189
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0