This property looks like a bad Long-Term investment with a projected -16.75% first-year return on $112k initial cash invested.
-16.75%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$2,469
Rent
-$1,566
Cashflow
Cash Flow
$2,469 income − $4,035 expenses = $1,566 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%
$5,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,469
Total Expenses
$4,035
Mortgage P&I
118%
$2,925
Property Taxes
11%
$277
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0