This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $114k initial cash invested.
-13.26%
Cash On Cash
3.82%
Cap Rate
0.61
DSCR
$3,432
Rent
-$1,265
Cashflow
Cash Flow
$3,432 income − $4,697 expenses = $1,265 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%
$5,451
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,432
Total Expenses
$4,697
Mortgage P&I
82%
$2,826
Property Taxes
23%
$786
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0