This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $113k initial cash invested.
-17.95%
Cash On Cash
2.6%
Cap Rate
0.42
DSCR
$1,879
Rent
-$1,696
Cashflow
Cash Flow
$1,879 income − $3,575 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,879
Total Expenses
$3,575
Mortgage P&I
148%
$2,772
Property Taxes
7%
$125
Home Insurance
10%
$189
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0