This property looks like a bad Long-Term investment with a projected -23.48% first-year return on $112k initial cash invested.
-23.48%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$1,648
Rent
-$2,198
Cashflow
Cash Flow
$1,648 income − $3,846 expenses = $2,198 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,648
Total Expenses
$3,846
Mortgage P&I
177%
$2,911
Property Taxes
19%
$320
Home Insurance
11%
$187
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0