This property looks like a bad Long-Term investment with a projected -13.07% first-year return on $115k initial cash invested.
-13.07%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$2,681
Rent
-$1,249
Cashflow
Cash Flow
$2,681 income − $3,930 expenses = $1,249 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,681
Total Expenses
$3,930
Mortgage P&I
112%
$3,001
Property Taxes
0%
$1
Home Insurance
7%
$191
HOA
1%
$40
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0