This property looks like a bad Long-Term investment with a projected -24.52% first-year return on $115k initial cash invested.
-24.52%
Cash On Cash
1.05%
Cap Rate
0.18
DSCR
$2,367
Rent
-$2,351
Cashflow
Cash Flow
$2,367 income − $4,718 expenses = $2,351 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,367
Total Expenses
$4,718
Mortgage P&I
115%
$2,714
Property Taxes
51%
$1,207
Home Insurance
8%
$182
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0