This property looks like a bad Long-Term investment with a projected -21.46% first-year return on $113k initial cash invested.
-21.46%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$1,984
Rent
-$2,013
Cashflow
Cash Flow
$1,984 income − $3,997 expenses = $2,013 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,361
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,984
Total Expenses
$3,997
Mortgage P&I
148%
$2,939
Property Taxes
18%
$354
Home Insurance
10%
$189
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0