This property looks like a bad Long-Term investment with a projected -22.61% first-year return on $113k initial cash invested.
-22.61%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$2,458
Rent
-$2,132
Cashflow
Cash Flow
$2,458 income − $4,590 expenses = $2,132 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$4,590
Mortgage P&I
116%
$2,845
Property Taxes
37%
$917
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0