This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $113k initial cash invested.
-15.51%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$2,936
Rent
-$1,455
Cashflow
Cash Flow
$2,936 income − $4,391 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,360
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,936
Total Expenses
$4,391
Mortgage P&I
93%
$2,719
Property Taxes
25%
$723
Home Insurance
6%
$185
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0