This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $113k initial cash invested.
-13.02%
Cash On Cash
4.01%
Cap Rate
0.63
DSCR
$3,026
Rent
-$1,226
Cashflow
Cash Flow
$3,026 income − $4,252 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,026
Total Expenses
$4,252
Mortgage P&I
95%
$2,873
Property Taxes
13%
$400
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0