This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $112k initial cash invested.
-16.52%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,850
Rent
-$1,543
Cashflow
Cash Flow
$2,850 income − $4,393 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,336
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,850
Total Expenses
$4,393
Mortgage P&I
101%
$2,888
Property Taxes
20%
$573
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0