This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $115k initial cash invested.
-12.26%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$3,499
Rent
-$1,172
Cashflow
Cash Flow
$3,499 income − $4,671 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,499
Total Expenses
$4,671
Mortgage P&I
79%
$2,770
Property Taxes
20%
$683
Home Insurance
5%
$192
HOA
3%
$116
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0