This property looks like a bad Long-Term investment with a projected -18.23% first-year return on $115k initial cash invested.
-18.23%
Cash On Cash
2.83%
Cap Rate
0.44
DSCR
$2,329
Rent
-$1,745
Cashflow
Cash Flow
$2,329 income − $4,074 expenses = $1,745 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$4,074
Mortgage P&I
125%
$2,918
Property Taxes
15%
$350
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0