This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $114k initial cash invested.
-14.24%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$2,457
Rent
-$1,358
Cashflow
Cash Flow
$2,457 income − $3,815 expenses = $1,358 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,457
Total Expenses
$3,815
Mortgage P&I
114%
$2,797
Property Taxes
8%
$188
Home Insurance
8%
$191
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0