This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $113k initial cash invested.
-13.95%
Cash On Cash
3.6%
Cap Rate
0.59
DSCR
$3,390
Rent
-$1,308
Cashflow
Cash Flow
$3,390 income − $4,698 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,390
Total Expenses
$4,698
Mortgage P&I
81%
$2,745
Property Taxes
26%
$879
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$203
Maintenance
5%
$170
Other
0%
$0