This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $115k initial cash invested.
-20.88%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$1,794
Rent
-$2,006
Cashflow
Cash Flow
$1,794 income − $3,800 expenses = $2,006 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,794
Total Expenses
$3,800
Mortgage P&I
166%
$2,985
Property Taxes
9%
$156
Home Insurance
11%
$192
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0