This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $113k initial cash invested.
-19.17%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$1,978
Rent
-$1,807
Cashflow
Cash Flow
$1,978 income − $3,785 expenses = $1,807 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$3,785
Mortgage P&I
149%
$2,957
Property Taxes
6%
$121
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0