This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $112k initial cash invested.
-16.92%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$2,528
Rent
-$1,575
Cashflow
Cash Flow
$2,528 income − $4,103 expenses = $1,575 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,528
Total Expenses
$4,103
Mortgage P&I
113%
$2,859
Property Taxes
17%
$433
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0