This property looks like a bad Long-Term investment with a projected -20.5% first-year return on $113k initial cash invested.
-20.5%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$2,470
Rent
-$1,934
Cashflow
Cash Flow
$2,470 income − $4,404 expenses = $1,934 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,470
Total Expenses
$4,404
Mortgage P&I
117%
$2,895
Property Taxes
27%
$674
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0