This property looks like a bad Long-Term investment with a projected -16.31% first-year return on $112k initial cash invested.
-16.31%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$2,487
Rent
-$1,527
Cashflow
Cash Flow
$2,487 income − $4,014 expenses = $1,527 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
$2,487
Total Expenses
$4,014
Mortgage P&I
118%
$2,925
Property Taxes
10%
$251
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0