This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $112k initial cash invested.
-16.16%
Cash On Cash
3.64%
Cap Rate
0.54
DSCR
$2,917
Rent
-$1,513
Cashflow
Cash Flow
$2,917 income − $4,430 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,917
Total Expenses
$4,430
Mortgage P&I
102%
$2,990
Property Taxes
6%
$169
Home Insurance
6%
$187
HOA
11%
$325
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0