This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $112k initial cash invested.
-15.08%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$2,974
Rent
-$1,407
Cashflow
Cash Flow
$2,974 income − $4,381 expenses = $1,407 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,333
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,974
Total Expenses
$4,381
Mortgage P&I
97%
$2,886
Property Taxes
18%
$531
Home Insurance
6%
$191
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0