This property looks like a bad Long-Term investment with a projected -19.68% first-year return on $114k initial cash invested.
-19.68%
Cash On Cash
2.45%
Cap Rate
0.39
DSCR
$2,298
Rent
-$1,871
Cashflow
Cash Flow
$2,298 income − $4,169 expenses = $1,871 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,298
Total Expenses
$4,169
Mortgage P&I
125%
$2,866
Property Taxes
22%
$513
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0