This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $112k initial cash invested.
-18.84%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,447
Rent
-$1,752
Cashflow
Cash Flow
$2,447 income − $4,199 expenses = $1,752 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,447
Total Expenses
$4,199
Mortgage P&I
118%
$2,877
Property Taxes
20%
$495
Home Insurance
8%
$191
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0