This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $111k initial cash invested.
-17.68%
Cash On Cash
2.96%
Cap Rate
0.47
DSCR
$3,736
Rent
-$1,642
Cashflow
Cash Flow
$3,736 income − $5,378 expenses = $1,642 out of pocket
Investment Breakdown
|
Purchase Price
$531k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$106k
Closing costs
1%
$5,307
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,736
Total Expenses
$5,378
Mortgage P&I
74%
$2,762
Property Taxes
39%
$1,455
Home Insurance
5%
$189
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0