This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $114k initial cash invested.
-18.19%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$3,089
Rent
-$1,735
Cashflow
Cash Flow
$3,089 income − $4,824 expenses = $1,735 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$4,824
Mortgage P&I
90%
$2,776
Property Taxes
33%
$1,034
Home Insurance
6%
$191
HOA
1%
$21
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0