This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $113k initial cash invested.
-13.44%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$3,081
Rent
-$1,268
Cashflow
Cash Flow
$3,081 income − $4,349 expenses = $1,268 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,081
Total Expenses
$4,349
Mortgage P&I
94%
$2,885
Property Taxes
16%
$488
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0