This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $113k initial cash invested.
-11.81%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,871
Rent
-$1,116
Cashflow
Cash Flow
$2,871 income − $3,987 expenses = $1,116 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,871
Total Expenses
$3,987
Mortgage P&I
102%
$2,934
Property Taxes
4%
$110
Home Insurance
7%
$196
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0