This property looks like a bad Long-Term investment with a projected -17.1% first-year return on $113k initial cash invested.
-17.1%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$2,275
Rent
-$1,609
Cashflow
Cash Flow
$2,275 income − $3,884 expenses = $1,609 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$3,884
Mortgage P&I
129%
$2,940
Property Taxes
7%
$160
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0