This property looks like a bad Long-Term investment with a projected -15.43% first-year return on $111k initial cash invested.
-15.43%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$3,352
Rent
-$1,431
Cashflow
Cash Flow
$3,352 income − $4,783 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$530k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,352
Total Expenses
$4,783
Mortgage P&I
88%
$2,935
Property Taxes
24%
$790
Home Insurance
6%
$186
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0