This property looks like a bad Long-Term investment with a projected -10.03% first-year return on $113k initial cash invested.
-10.03%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$3,969
Rent
-$947
Cashflow
Cash Flow
$3,969 income − $4,916 expenses = $947 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%
$5,397
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,969
Total Expenses
$4,916
Mortgage P&I
75%
$2,970
Property Taxes
18%
$723
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0