This property looks like a bad Long-Term investment with a projected -19.4% first-year return on $114k initial cash invested.
-19.4%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$2,930
Rent
-$1,838
Cashflow
Cash Flow
$2,930 income − $4,768 expenses = $1,838 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,930
Total Expenses
$4,768
Mortgage P&I
100%
$2,934
Property Taxes
20%
$587
Home Insurance
7%
$191
HOA
10%
$295
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0