This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $115k initial cash invested.
-15.98%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,811
Rent
-$1,526
Cashflow
Cash Flow
$2,811 income − $4,337 expenses = $1,526 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,811
Total Expenses
$4,337
Mortgage P&I
104%
$2,937
Property Taxes
16%
$462
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0