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
3.5%
Cap Rate
0.53
DSCR
$2,846
Rent
-$1,513
Cashflow
Cash Flow
$2,846 income − $4,359 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,846
Total Expenses
$4,359
Mortgage P&I
103%
$2,933
Property Taxes
18%
$499
Home Insurance
7%
$187
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0