This property looks like a bad Long-Term investment with a projected -16.22% first-year return on $113k initial cash invested.
-16.22%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$2,217
Rent
-$1,530
Cashflow
Cash Flow
$2,217 income − $3,747 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,217
Total Expenses
$3,747
Mortgage P&I
125%
$2,770
Property Taxes
10%
$211
Home Insurance
9%
$189
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0