This property looks like a bad Long-Term investment with a projected -20.15% first-year return on $112k initial cash invested.
-20.15%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$2,565
Rent
-$1,876
Cashflow
Cash Flow
$2,565 income − $4,441 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,565
Total Expenses
$4,441
Mortgage P&I
113%
$2,888
Property Taxes
25%
$652
Home Insurance
8%
$210
HOA
1%
$25
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0