This property looks like a bad Long-Term investment with a projected -18.65% first-year return on $112k initial cash invested.
-18.65%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$2,461
Rent
-$1,747
Cashflow
Cash Flow
$2,461 income − $4,208 expenses = $1,747 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,354
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,461
Total Expenses
$4,208
Mortgage P&I
117%
$2,871
Property Taxes
21%
$508
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0