This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $113k initial cash invested.
-13.75%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$2,851
Rent
-$1,295
Cashflow
Cash Flow
$2,851 income − $4,146 expenses = $1,295 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%
$5,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,851
Total Expenses
$4,146
Mortgage P&I
102%
$2,898
Property Taxes
11%
$315
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0