This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $113k initial cash invested.
-16.03%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$2,701
Rent
-$1,511
Cashflow
Cash Flow
$2,701 income − $4,212 expenses = $1,511 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,388
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,701
Total Expenses
$4,212
Mortgage P&I
110%
$2,969
Property Taxes
8%
$220
Home Insurance
7%
$194
HOA
5%
$127
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0