This property looks like a bad Long-Term investment with a projected -16.79% first-year return on $112k initial cash invested.
-16.79%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$2,771
Rent
-$1,560
Cashflow
Cash Flow
$2,771 income − $4,331 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$106k
Closing costs
1%
$5,310
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,771
Total Expenses
$4,331
Mortgage P&I
105%
$2,911
Property Taxes
19%
$513
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0