This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $111k initial cash invested.
-15.26%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$3,594
Rent
-$1,415
Cashflow
Cash Flow
$3,594 income − $5,009 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,594
Total Expenses
$5,009
Mortgage P&I
80%
$2,892
Property Taxes
15%
$526
Home Insurance
5%
$189
HOA
13%
$467
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0