This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $114k initial cash invested.
-16.84%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$2,683
Rent
-$1,599
Cashflow
Cash Flow
$2,683 income − $4,282 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,426
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,683
Total Expenses
$4,282
Mortgage P&I
109%
$2,916
Property Taxes
18%
$477
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0