This property looks like a bad Long-Term investment with a projected -20.39% first-year return on $112k initial cash invested.
-20.39%
Cash On Cash
2.77%
Cap Rate
0.41
DSCR
$2,109
Rent
-$1,909
Cashflow
Cash Flow
$2,109 income − $4,018 expenses = $1,909 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,109
Total Expenses
$4,018
Mortgage P&I
144%
$3,038
Property Taxes
12%
$245
Home Insurance
9%
$187
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0