This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $115k initial cash invested.
-16.42%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$3,455
Rent
-$1,576
Cashflow
Cash Flow
$3,455 income − $5,031 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,455
Total Expenses
$5,031
Mortgage P&I
86%
$2,977
Property Taxes
27%
$945
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0