This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $113k initial cash invested.
-16.59%
Cash On Cash
3.51%
Cap Rate
0.52
DSCR
$2,618
Rent
-$1,566
Cashflow
Cash Flow
$2,618 income − $4,184 expenses = $1,566 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,618
Total Expenses
$4,184
Mortgage P&I
115%
$3,013
Property Taxes
8%
$207
Home Insurance
8%
$208
HOA
3%
$75
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0