This property looks like a bad Long-Term investment with a projected -19.75% first-year return on $113k initial cash invested.
-19.75%
Cash On Cash
2.66%
Cap Rate
0.4
DSCR
$2,054
Rent
-$1,867
Cashflow
Cash Flow
$2,054 income − $3,921 expenses = $1,867 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$3,921
Mortgage P&I
144%
$2,960
Property Taxes
11%
$231
Home Insurance
10%
$196
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0