This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $114k initial cash invested.
-11.07%
Cash On Cash
4.15%
Cap Rate
0.68
DSCR
$3,064
Rent
-$1,054
Cashflow
Cash Flow
$3,064 income − $4,118 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,442
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,064
Total Expenses
$4,118
Mortgage P&I
91%
$2,784
Property Taxes
11%
$346
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0