This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $112k initial cash invested.
-11.83%
Cash On Cash
4.07%
Cap Rate
0.65
DSCR
$2,861
Rent
-$1,107
Cashflow
Cash Flow
$2,861 income − $3,968 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$535k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,346
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,861
Total Expenses
$3,968
Mortgage P&I
97%
$2,778
Property Taxes
9%
$262
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0