This property looks like a bad Long-Term investment with a projected -15.23% first-year return on $112k initial cash invested.
-15.23%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$3,643
Rent
-$1,428
Cashflow
Cash Flow
$3,643 income − $5,071 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,357
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,643
Total Expenses
$5,071
Mortgage P&I
83%
$3,012
Property Taxes
25%
$928
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0