This property looks like a bad Long-Term investment with a projected -19.59% first-year return on $113k initial cash invested.
-19.59%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$1,824
Rent
-$1,851
Cashflow
Cash Flow
$1,824 income − $3,675 expenses = $1,851 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,824
Total Expenses
$3,675
Mortgage P&I
151%
$2,759
Property Taxes
14%
$254
Home Insurance
10%
$189
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0