This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $115k initial cash invested.
-11.03%
Cash On Cash
4.83%
Cap Rate
0.72
DSCR
$3,592
Rent
-$1,060
Cashflow
Cash Flow
$3,592 income − $4,652 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,492
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,592
Total Expenses
$4,652
Mortgage P&I
86%
$3,090
Property Taxes
14%
$505
Home Insurance
3%
$122
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0