This property looks like a bad Long-Term investment with a projected -22.95% first-year return on $114k initial cash invested.
-22.95%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$2,175
Rent
-$2,186
Cashflow
Cash Flow
$2,175 income − $4,361 expenses = $2,186 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,175
Total Expenses
$4,361
Mortgage P&I
135%
$2,934
Property Taxes
11%
$243
Home Insurance
9%
$198
HOA
19%
$420
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0