This property looks like a bad Long-Term investment with a projected -20.7% first-year return on $113k initial cash invested.
-20.7%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$2,019
Rent
-$1,955
Cashflow
Cash Flow
$2,019 income − $3,974 expenses = $1,955 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,019
Total Expenses
$3,974
Mortgage P&I
137%
$2,759
Property Taxes
24%
$492
Home Insurance
10%
$198
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0