This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $113k initial cash invested.
-12.07%
Cash On Cash
4.47%
Cap Rate
0.67
DSCR
$3,208
Rent
-$1,134
Cashflow
Cash Flow
$3,208 income − $4,342 expenses = $1,134 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,368
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,208
Total Expenses
$4,342
Mortgage P&I
93%
$2,972
Property Taxes
11%
$364
Home Insurance
5%
$173
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0