This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $115k initial cash invested.
-17.68%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$2,765
Rent
-$1,691
Cashflow
Cash Flow
$2,765 income − $4,456 expenses = $1,691 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%
$5,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,765
Total Expenses
$4,456
Mortgage P&I
106%
$2,939
Property Taxes
20%
$555
Home Insurance
6%
$175
HOA
3%
$69
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0