This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $113k initial cash invested.
-17.95%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$2,168
Rent
-$1,695
Cashflow
Cash Flow
$2,168 income − $3,863 expenses = $1,695 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,397
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,168
Total Expenses
$3,863
Mortgage P&I
127%
$2,753
Property Taxes
16%
$355
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0