This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $114k initial cash invested.
-16.17%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,804
Rent
-$1,535
Cashflow
Cash Flow
$2,804 income − $4,339 expenses = $1,535 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$4,339
Mortgage P&I
106%
$2,974
Property Taxes
16%
$445
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0