This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $113k initial cash invested.
-13.21%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$2,984
Rent
-$1,248
Cashflow
Cash Flow
$2,984 income − $4,232 expenses = $1,248 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%
$5,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,984
Total Expenses
$4,232
Mortgage P&I
98%
$2,931
Property Taxes
9%
$264
Home Insurance
6%
$192
HOA
2%
$70
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0