This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $112k initial cash invested.
-16.45%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$2,411
Rent
-$1,534
Cashflow
Cash Flow
$2,411 income − $3,945 expenses = $1,534 out of pocket
Investment Breakdown
|
Purchase Price
$533k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$107k
Closing costs
1%
$5,329
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,411
Total Expenses
$3,945
Mortgage P&I
119%
$2,863
Property Taxes
11%
$268
Home Insurance
8%
$186
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0