This property looks like a bad Long-Term investment with a projected -19.38% first-year return on $113k initial cash invested.
-19.38%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$1,938
Rent
-$1,827
Cashflow
Cash Flow
$1,938 income − $3,765 expenses = $1,827 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,386
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,938
Total Expenses
$3,765
Mortgage P&I
148%
$2,873
Property Taxes
10%
$193
Home Insurance
10%
$195
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0