This property looks like a bad Long-Term investment with a projected -24.01% first-year return on $115k initial cash invested.
-24.01%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$1,453
Rent
-$2,307
Cashflow
Cash Flow
$1,453 income − $3,760 expenses = $2,307 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,453
Total Expenses
$3,760
Mortgage P&I
200%
$2,910
Property Taxes
19%
$280
Home Insurance
13%
$192
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0