This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $114k initial cash invested.
-19.17%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,329
Rent
-$1,819
Cashflow
Cash Flow
$2,329 income − $4,148 expenses = $1,819 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,421
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$4,148
Mortgage P&I
129%
$3,015
Property Taxes
7%
$170
Home Insurance
9%
$198
HOA
7%
$160
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0