This property looks like a bad Long-Term investment with a projected -17.14% first-year return on $113k initial cash invested.
-17.14%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$2,573
Rent
-$1,617
Cashflow
Cash Flow
$2,573 income − $4,190 expenses = $1,617 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%
$5,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,573
Total Expenses
$4,190
Mortgage P&I
115%
$2,962
Property Taxes
14%
$368
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0