This property looks like a bad Long-Term investment with a projected -17.01% first-year return on $114k initial cash invested.
-17.01%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$2,530
Rent
-$1,619
Cashflow
Cash Flow
$2,530 income − $4,149 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$4,149
Mortgage P&I
115%
$2,898
Property Taxes
14%
$363
Home Insurance
8%
$196
HOA
1%
$35
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0