This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $115k initial cash invested.
-19.05%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$2,254
Rent
-$1,824
Cashflow
Cash Flow
$2,254 income − $4,078 expenses = $1,824 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,254
Total Expenses
$4,078
Mortgage P&I
123%
$2,776
Property Taxes
23%
$517
Home Insurance
9%
$199
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0