This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $113k initial cash invested.
-13.89%
Cash On Cash
4.15%
Cap Rate
0.61
DSCR
$2,670
Rent
-$1,310
Cashflow
Cash Flow
$2,670 income − $3,980 expenses = $1,310 out of pocket
Investment Breakdown
|
Purchase Price
$539k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,670
Total Expenses
$3,980
Mortgage P&I
114%
$3,042
Property Taxes
1%
$24
Home Insurance
7%
$189
HOA
1%
$30
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0