This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $115k initial cash invested.
-11.79%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$3,367
Rent
-$1,133
Cashflow
Cash Flow
$3,367 income − $4,500 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,367
Total Expenses
$4,500
Mortgage P&I
87%
$2,938
Property Taxes
15%
$495
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0