This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $112k initial cash invested.
-17.41%
Cash On Cash
3.05%
Cap Rate
0.48
DSCR
$2,651
Rent
-$1,630
Cashflow
Cash Flow
$2,651 income − $4,281 expenses = $1,630 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,651
Total Expenses
$4,281
Mortgage P&I
108%
$2,857
Property Taxes
17%
$457
Home Insurance
7%
$187
HOA
3%
$90
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0