This property looks like a bad Long-Term investment with a projected -16.76% first-year return on $115k initial cash invested.
-16.76%
Cash On Cash
3.12%
Cap Rate
0.49
DSCR
$2,619
Rent
-$1,601
Cashflow
Cash Flow
$2,619 income − $4,220 expenses = $1,601 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,458
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,619
Total Expenses
$4,220
Mortgage P&I
110%
$2,890
Property Taxes
17%
$437
Home Insurance
8%
$203
HOA
0%
$9
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0