This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $114k initial cash invested.
-13.78%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$2,960
Rent
-$1,314
Cashflow
Cash Flow
$2,960 income − $4,274 expenses = $1,314 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,447
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,960
Total Expenses
$4,274
Mortgage P&I
99%
$2,916
Property Taxes
13%
$396
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0