This property looks like a bad Long-Term investment with a projected -14.67% first-year return on $112k initial cash invested.
-14.67%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,416
Rent
-$1,365
Cashflow
Cash Flow
$2,416 income − $3,781 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,317
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,416
Total Expenses
$3,781
Mortgage P&I
121%
$2,933
Property Taxes
1%
$27
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0