This property looks like a bad Long-Term investment with a projected -21.09% first-year return on $114k initial cash invested.
-21.09%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$2,148
Rent
-$2,002
Cashflow
Cash Flow
$2,148 income − $4,150 expenses = $2,002 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,148
Total Expenses
$4,150
Mortgage P&I
139%
$2,976
Property Taxes
20%
$424
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0