This property looks like a bad Long-Term investment with a projected -17.91% first-year return on $113k initial cash invested.
-17.91%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$2,097
Rent
-$1,690
Cashflow
Cash Flow
$2,097 income − $3,787 expenses = $1,690 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,393
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$3,787
Mortgage P&I
140%
$2,931
Property Taxes
6%
$118
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0