This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $114k initial cash invested.
-15.76%
Cash On Cash
3.73%
Cap Rate
0.55
DSCR
$2,633
Rent
-$1,503
Cashflow
Cash Flow
$2,633 income − $4,136 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,633
Total Expenses
$4,136
Mortgage P&I
116%
$3,067
Property Taxes
7%
$193
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0