This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $113k initial cash invested.
-11.58%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$3,074
Rent
-$1,090
Cashflow
Cash Flow
$3,074 income − $4,164 expenses = $1,090 out of pocket
Investment Breakdown
|
Purchase Price
$538k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,378
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,074
Total Expenses
$4,164
Mortgage P&I
94%
$2,893
Property Taxes
10%
$299
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0