This property looks like a bad Long-Term investment with a projected -18.91% first-year return on $113k initial cash invested.
-18.91%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$2,202
Rent
-$1,787
Cashflow
Cash Flow
$2,202 income − $3,989 expenses = $1,787 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$3,989
Mortgage P&I
133%
$2,933
Property Taxes
13%
$295
Home Insurance
9%
$189
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0