This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $113k initial cash invested.
-16.42%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$3,417
Rent
-$1,552
Cashflow
Cash Flow
$3,417 income − $4,969 expenses = $1,552 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,417
Total Expenses
$4,969
Mortgage P&I
86%
$2,947
Property Taxes
28%
$944
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0