This property looks like a bad Long-Term investment with a projected -14.38% first-year return on $115k initial cash invested.
-14.38%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$3,612
Rent
-$1,377
Cashflow
Cash Flow
$3,612 income − $4,989 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,612
Total Expenses
$4,989
Mortgage P&I
82%
$2,962
Property Taxes
19%
$693
Home Insurance
5%
$192
HOA
6%
$202
Property Management
10%
$361
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0