This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $113k initial cash invested.
-18.84%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$2,541
Rent
-$1,773
Cashflow
Cash Flow
$2,541 income − $4,314 expenses = $1,773 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,541
Total Expenses
$4,314
Mortgage P&I
116%
$2,949
Property Taxes
18%
$463
Home Insurance
8%
$192
HOA
2%
$50
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0