This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $114k initial cash invested.
-14.63%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$2,738
Rent
-$1,394
Cashflow
Cash Flow
$2,738 income − $4,132 expenses = $1,394 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,738
Total Expenses
$4,132
Mortgage P&I
108%
$2,955
Property Taxes
10%
$273
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0