This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $113k initial cash invested.
-8.72%
Cash On Cash
4.58%
Cap Rate
0.76
DSCR
$3,666
Rent
-$824
Cashflow
Cash Flow
$3,666 income − $4,490 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,666
Total Expenses
$4,490
Mortgage P&I
74%
$2,702
Property Taxes
18%
$646
Home Insurance
5%
$189
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0