This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $113k initial cash invested.
-16.92%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$3,446
Rent
-$1,595
Cashflow
Cash Flow
$3,446 income − $5,041 expenses = $1,595 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,388
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,446
Total Expenses
$5,041
Mortgage P&I
84%
$2,878
Property Taxes
27%
$916
Home Insurance
6%
$192
HOA
5%
$159
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0