This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $115k initial cash invested.
-17.38%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,736
Rent
-$1,661
Cashflow
Cash Flow
$2,736 income − $4,397 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,461
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,736
Total Expenses
$4,397
Mortgage P&I
109%
$2,980
Property Taxes
19%
$513
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0