This property looks like a bad Long-Term investment with a projected -17.73% first-year return on $112k initial cash invested.
-17.73%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$2,081
Rent
-$1,660
Cashflow
Cash Flow
$2,081 income − $3,741 expenses = $1,660 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,081
Total Expenses
$3,741
Mortgage P&I
135%
$2,805
Property Taxes
10%
$208
Home Insurance
9%
$187
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0