This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $112k initial cash invested.
-15.79%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$2,891
Rent
-$1,470
Cashflow
Cash Flow
$2,891 income − $4,361 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,891
Total Expenses
$4,361
Mortgage P&I
101%
$2,916
Property Taxes
17%
$504
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$173
Maintenance
5%
$145
Other
0%
$0