This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $113k initial cash invested.
-14.82%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$2,946
Rent
-$1,393
Cashflow
Cash Flow
$2,946 income − $4,339 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$537k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,946
Total Expenses
$4,339
Mortgage P&I
97%
$2,858
Property Taxes
18%
$526
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0