This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $112k initial cash invested.
-15.77%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$2,919
Rent
-$1,473
Cashflow
Cash Flow
$2,919 income − $4,392 expenses = $1,473 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,338
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,919
Total Expenses
$4,392
Mortgage P&I
99%
$2,892
Property Taxes
19%
$550
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0