This property looks like a bad Long-Term investment with a projected -7.47% first-year return on $115k initial cash invested.
-7.47%
Cash On Cash
5.01%
Cap Rate
0.81
DSCR
$3,567
Rent
-$718
Cashflow
Cash Flow
$3,567 income − $4,285 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,567
Total Expenses
$4,285
Mortgage P&I
79%
$2,833
Property Taxes
9%
$333
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0