This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $113k initial cash invested.
-17.7%
Cash On Cash
2.86%
Cap Rate
0.45
DSCR
$2,349
Rent
-$1,668
Cashflow
Cash Flow
$2,349 income − $4,017 expenses = $1,668 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$4,017
Mortgage P&I
121%
$2,834
Property Taxes
12%
$289
Home Insurance
9%
$219
HOA
3%
$65
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0