This property looks like a bad Long-Term investment with a projected -21.16% first-year return on $115k initial cash invested.
-21.16%
Cash On Cash
1.81%
Cap Rate
0.3
DSCR
$1,586
Rent
-$2,032
Cashflow
Cash Flow
$1,586 income − $3,618 expenses = $2,032 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,586
Total Expenses
$3,618
Mortgage P&I
175%
$2,782
Property Taxes
14%
$225
Home Insurance
13%
$199
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0