This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $113k initial cash invested.
-16.29%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$2,494
Rent
-$1,537
Cashflow
Cash Flow
$2,494 income − $4,031 expenses = $1,537 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%
$5,393
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$4,031
Mortgage P&I
116%
$2,884
Property Taxes
12%
$302
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0