This property looks like a bad Long-Term investment with a projected -16.65% first-year return on $112k initial cash invested.
-16.65%
Cash On Cash
3.62%
Cap Rate
0.54
DSCR
$3,224
Rent
-$1,559
Cashflow
Cash Flow
$3,224 income − $4,783 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,224
Total Expenses
$4,783
Mortgage P&I
93%
$3,013
Property Taxes
23%
$746
Home Insurance
6%
$187
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0