This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $113k initial cash invested.
-18.96%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,487
Rent
-$1,786
Cashflow
Cash Flow
$2,487 income − $4,273 expenses = $1,786 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,487
Total Expenses
$4,273
Mortgage P&I
118%
$2,934
Property Taxes
20%
$504
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0