This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $112k initial cash invested.
-13.92%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$2,799
Rent
-$1,301
Cashflow
Cash Flow
$2,799 income − $4,100 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,799
Total Expenses
$4,100
Mortgage P&I
103%
$2,878
Property Taxes
11%
$306
Home Insurance
7%
$188
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0