This property looks like a bad Long-Term investment with a projected -16.79% first-year return on $115k initial cash invested.
-16.79%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,365
Rent
-$1,605
Cashflow
Cash Flow
$3,365 income − $4,970 expenses = $1,605 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,365
Total Expenses
$4,970
Mortgage P&I
87%
$2,932
Property Taxes
29%
$972
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0