This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $112k initial cash invested.
-15.84%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$3,418
Rent
-$1,473
Cashflow
Cash Flow
$3,418 income − $4,891 expenses = $1,473 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,315
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,418
Total Expenses
$4,891
Mortgage P&I
86%
$2,929
Property Taxes
26%
$881
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0