This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $113k initial cash invested.
-16.51%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$3,010
Rent
-$1,559
Cashflow
Cash Flow
$3,010 income − $4,569 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,010
Total Expenses
$4,569
Mortgage P&I
95%
$2,870
Property Taxes
23%
$693
Home Insurance
6%
$192
HOA
1%
$32
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$181
Maintenance
5%
$150
Other
0%
$0