This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $113k initial cash invested.
-16.21%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,669
Rent
-$1,532
Cashflow
Cash Flow
$2,669 income − $4,201 expenses = $1,532 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,669
Total Expenses
$4,201
Mortgage P&I
111%
$2,963
Property Taxes
13%
$356
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0