This property looks like a bad Long-Term investment with a projected -17% first-year return on $112k initial cash invested.
-17%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$2,674
Rent
-$1,589
Cashflow
Cash Flow
$2,674 income − $4,263 expenses = $1,589 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%
$5,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$4,263
Mortgage P&I
110%
$2,929
Property Taxes
17%
$447
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0