This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $113k initial cash invested.
-16.4%
Cash On Cash
3.7%
Cap Rate
0.54
DSCR
$2,907
Rent
-$1,546
Cashflow
Cash Flow
$2,907 income − $4,453 expenses = $1,546 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,907
Total Expenses
$4,453
Mortgage P&I
105%
$3,060
Property Taxes
15%
$446
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0