This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $114k initial cash invested.
-11.37%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$3,491
Rent
-$1,083
Cashflow
Cash Flow
$3,491 income − $4,574 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,491
Total Expenses
$4,574
Mortgage P&I
83%
$2,897
Property Taxes
17%
$577
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$209
Maintenance
5%
$175
Other
0%
$0