This property looks like a bad Long-Term investment with a projected -22.78% first-year return on $113k initial cash invested.
-22.78%
Cash On Cash
1.55%
Cap Rate
0.25
DSCR
$1,827
Rent
-$2,152
Cashflow
Cash Flow
$1,827 income − $3,979 expenses = $2,152 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,827
Total Expenses
$3,979
Mortgage P&I
151%
$2,758
Property Taxes
30%
$557
Home Insurance
10%
$189
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0