This property looks like a bad Long-Term investment with a projected -20.48% first-year return on $115k initial cash invested.
-20.48%
Cash On Cash
2.1%
Cap Rate
0.34
DSCR
$2,202
Rent
-$1,968
Cashflow
Cash Flow
$2,202 income − $4,170 expenses = $1,968 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$4,170
Mortgage P&I
128%
$2,819
Property Taxes
24%
$533
Home Insurance
9%
$192
HOA
2%
$54
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0