This property looks like a bad Long-Term investment with a projected -18.46% first-year return on $112k initial cash invested.
-18.46%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$2,109
Rent
-$1,720
Cashflow
Cash Flow
$2,109 income − $3,829 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,323
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,109
Total Expenses
$3,829
Mortgage P&I
140%
$2,955
Property Taxes
6%
$134
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0