This property looks like a bad Long-Term investment with a projected -15.37% first-year return on $112k initial cash invested.
-15.37%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$2,584
Rent
-$1,431
Cashflow
Cash Flow
$2,584 income − $4,015 expenses = $1,431 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%
$5,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,584
Total Expenses
$4,015
Mortgage P&I
113%
$2,910
Property Taxes
9%
$243
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0