This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $112k initial cash invested.
-12.37%
Cash On Cash
4.53%
Cap Rate
0.67
DSCR
$3,320
Rent
-$1,156
Cashflow
Cash Flow
$3,320 income − $4,476 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$534k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,320
Total Expenses
$4,476
Mortgage P&I
91%
$3,008
Property Taxes
13%
$418
Home Insurance
6%
$187
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0