This property looks like a bad Long-Term investment with a projected -23.37% first-year return on $113k initial cash invested.
-23.37%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$1,852
Rent
-$2,204
Cashflow
Cash Flow
$1,852 income − $4,056 expenses = $2,204 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%
$5,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,852
Total Expenses
$4,056
Mortgage P&I
156%
$2,891
Property Taxes
27%
$494
Home Insurance
10%
$189
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0