This property looks like a bad Long-Term investment with a projected -19.35% first-year return on $113k initial cash invested.
-19.35%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$2,486
Rent
-$1,824
Cashflow
Cash Flow
$2,486 income − $4,310 expenses = $1,824 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%
$5,387
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,486
Total Expenses
$4,310
Mortgage P&I
119%
$2,952
Property Taxes
21%
$523
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0