This property looks like a bad Long-Term investment with a projected -19.16% first-year return on $115k initial cash invested.
-19.16%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,043
Rent
-$1,841
Cashflow
Cash Flow
$2,043 income − $3,884 expenses = $1,841 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,043
Total Expenses
$3,884
Mortgage P&I
147%
$3,009
Property Taxes
7%
$152
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0