This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $113k initial cash invested.
-17.7%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$2,954
Rent
-$1,672
Cashflow
Cash Flow
$2,954 income − $4,626 expenses = $1,672 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,954
Total Expenses
$4,626
Mortgage P&I
99%
$2,929
Property Taxes
25%
$740
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0