This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $113k initial cash invested.
-18.21%
Cash On Cash
2.62%
Cap Rate
0.42
DSCR
$2,165
Rent
-$1,708
Cashflow
Cash Flow
$2,165 income − $3,873 expenses = $1,708 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$107k
Closing costs
1%
$5,359
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$3,873
Mortgage P&I
128%
$2,769
Property Taxes
16%
$353
Home Insurance
9%
$189
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0