This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $115k initial cash invested.
-14.19%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$3,097
Rent
-$1,362
Cashflow
Cash Flow
$3,097 income − $4,459 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,097
Total Expenses
$4,459
Mortgage P&I
95%
$2,948
Property Taxes
14%
$447
Home Insurance
7%
$228
HOA
1%
$30
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0