This property looks like a bad Long-Term investment with a projected -16.71% first-year return on $113k initial cash invested.
-16.71%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,508
Rent
-$1,576
Cashflow
Cash Flow
$2,508 income − $4,084 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,391
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,508
Total Expenses
$4,084
Mortgage P&I
116%
$2,911
Property Taxes
13%
$330
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0