This property looks like a bad Long-Term investment with a projected -23.93% first-year return on $114k initial cash invested.
-23.93%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$1,670
Rent
-$2,280
Cashflow
Cash Flow
$1,670 income − $3,950 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,670
Total Expenses
$3,950
Mortgage P&I
184%
$3,075
Property Taxes
15%
$243
Home Insurance
12%
$197
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0