This property looks like a bad Long-Term investment with a projected -18.38% first-year return on $113k initial cash invested.
-18.38%
Cash On Cash
2.54%
Cap Rate
0.41
DSCR
$2,331
Rent
-$1,730
Cashflow
Cash Flow
$2,331 income − $4,061 expenses = $1,730 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,378
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,331
Total Expenses
$4,061
Mortgage P&I
118%
$2,752
Property Taxes
22%
$509
Home Insurance
8%
$193
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0