This property looks like a bad Long-Term investment with a projected -17.6% first-year return on $112k initial cash invested.
-17.6%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,279
Rent
-$1,649
Cashflow
Cash Flow
$2,279 income − $3,928 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$536k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,355
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,279
Total Expenses
$3,928
Mortgage P&I
129%
$2,931
Property Taxes
9%
$212
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0