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
3.58%
Cap Rate
0.55
DSCR
$2,933
Rent
-$1,496
Cashflow
Cash Flow
$2,933 income − $4,429 expenses = $1,496 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,933
Total Expenses
$4,429
Mortgage P&I
101%
$2,969
Property Taxes
17%
$508
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0