This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $114k initial cash invested.
-16.54%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$2,510
Rent
-$1,575
Cashflow
Cash Flow
$2,510 income − $4,085 expenses = $1,575 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,442
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,510
Total Expenses
$4,085
Mortgage P&I
119%
$2,997
Property Taxes
9%
$236
Home Insurance
8%
$198
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0