This property looks like a bad Long-Term investment with a projected -16.87% first-year return on $114k initial cash invested.
-16.87%
Cash On Cash
3.2%
Cap Rate
0.5
DSCR
$2,673
Rent
-$1,599
Cashflow
Cash Flow
$2,673 income − $4,272 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,673
Total Expenses
$4,272
Mortgage P&I
109%
$2,909
Property Taxes
1%
$29
Home Insurance
7%
$192
HOA
17%
$447
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0