This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $112k initial cash invested.
-15.08%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$2,810
Rent
-$1,413
Cashflow
Cash Flow
$2,810 income − $4,223 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,356
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,810
Total Expenses
$4,223
Mortgage P&I
103%
$2,893
Property Taxes
15%
$408
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0