This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $113k initial cash invested.
-16.27%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$2,884
Rent
-$1,537
Cashflow
Cash Flow
$2,884 income − $4,421 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,398
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,884
Total Expenses
$4,421
Mortgage P&I
101%
$2,909
Property Taxes
19%
$556
Home Insurance
7%
$207
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0