This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $115k initial cash invested.
-16.4%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$2,987
Rent
-$1,567
Cashflow
Cash Flow
$2,987 income − $4,554 expenses = $1,567 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,461
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,987
Total Expenses
$4,554
Mortgage P&I
99%
$2,956
Property Taxes
16%
$490
Home Insurance
6%
$192
HOA
5%
$140
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0