This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $114k initial cash invested.
-12.2%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$3,101
Rent
-$1,164
Cashflow
Cash Flow
$3,101 income − $4,265 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,101
Total Expenses
$4,265
Mortgage P&I
90%
$2,806
Property Taxes
8%
$245
Home Insurance
6%
$191
HOA
7%
$217
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0