This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $111k initial cash invested.
-16.03%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$2,455
Rent
-$1,488
Cashflow
Cash Flow
$2,455 income − $3,943 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,455
Total Expenses
$3,943
Mortgage P&I
119%
$2,915
Property Taxes
8%
$200
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0