This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $114k initial cash invested.
-10.8%
Cash On Cash
4.88%
Cap Rate
0.72
DSCR
$3,226
Rent
-$1,030
Cashflow
Cash Flow
$3,226 income − $4,256 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,226
Total Expenses
$4,256
Mortgage P&I
96%
$3,086
Property Taxes
4%
$140
Home Insurance
6%
$191
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$161
Vacancy
6%
$194
Maintenance
5%
$161
Other
0%
$0