This property looks like a bad Long-Term investment with a projected -15.42% first-year return on $115k initial cash invested.
-15.42%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$2,704
Rent
-$1,481
Cashflow
Cash Flow
$2,704 income − $4,185 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,704
Total Expenses
$4,185
Mortgage P&I
107%
$2,893
Property Taxes
14%
$389
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0