This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $115k initial cash invested.
-19.39%
Cash On Cash
2.52%
Cap Rate
0.4
DSCR
$1,987
Rent
-$1,863
Cashflow
Cash Flow
$1,987 income − $3,850 expenses = $1,863 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,987
Total Expenses
$3,850
Mortgage P&I
147%
$2,916
Property Taxes
11%
$226
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0