This property looks like a bad Long-Term investment with a projected -12.21% first-year return on $113k initial cash invested.
-12.21%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$2,569
Rent
-$1,152
Cashflow
Cash Flow
$2,569 income − $3,721 expenses = $1,152 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,569
Total Expenses
$3,721
Mortgage P&I
106%
$2,723
Property Taxes
6%
$142
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0