This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $112k initial cash invested.
-16.54%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$2,473
Rent
-$1,544
Cashflow
Cash Flow
$2,473 income − $4,017 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,335
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,473
Total Expenses
$4,017
Mortgage P&I
119%
$2,940
Property Taxes
8%
$200
Home Insurance
8%
$191
HOA
2%
$43
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0