This property looks like a bad Long-Term investment with a projected -22.14% first-year return on $115k initial cash invested.
-22.14%
Cash On Cash
2.21%
Cap Rate
0.33
DSCR
$1,857
Rent
-$2,127
Cashflow
Cash Flow
$1,857 income − $3,984 expenses = $2,127 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,857
Total Expenses
$3,984
Mortgage P&I
164%
$3,045
Property Taxes
14%
$264
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0