This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $113k initial cash invested.
-12.48%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$3,509
Rent
-$1,178
Cashflow
Cash Flow
$3,509 income − $4,687 expenses = $1,178 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
$3,509
Total Expenses
$4,687
Mortgage P&I
83%
$2,928
Property Taxes
19%
$656
Home Insurance
5%
$191
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$175
Vacancy
6%
$211
Maintenance
5%
$175
Other
0%
$0