This property looks like a bad Long-Term investment with a projected -19.9% first-year return on $113k initial cash invested.
-19.9%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$2,066
Rent
-$1,877
Cashflow
Cash Flow
$2,066 income − $3,943 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,066
Total Expenses
$3,943
Mortgage P&I
139%
$2,871
Property Taxes
17%
$346
Home Insurance
9%
$189
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0