This property looks like a bad Long-Term investment with a projected -19.81% first-year return on $113k initial cash invested.
-19.81%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$1,919
Rent
-$1,872
Cashflow
Cash Flow
$1,919 income − $3,791 expenses = $1,872 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%
$5,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,919
Total Expenses
$3,791
Mortgage P&I
154%
$2,955
Property Taxes
8%
$148
Home Insurance
10%
$189
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0