This property looks like a bad Long-Term investment with a projected -11.61% first-year return on $115k initial cash invested.
-11.61%
Cash On Cash
4.16%
Cap Rate
0.66
DSCR
$2,848
Rent
-$1,113
Cashflow
Cash Flow
$2,848 income − $3,961 expenses = $1,113 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,848
Total Expenses
$3,961
Mortgage P&I
101%
$2,870
Property Taxes
5%
$152
Home Insurance
7%
$199
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0