This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $115k initial cash invested.
-16.6%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$2,840
Rent
-$1,588
Cashflow
Cash Flow
$2,840 income − $4,428 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,840
Total Expenses
$4,428
Mortgage P&I
105%
$2,981
Property Taxes
18%
$517
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0