This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $114k initial cash invested.
-16.36%
Cash On Cash
3.66%
Cap Rate
0.54
DSCR
$3,013
Rent
-$1,549
Cashflow
Cash Flow
$3,013 income − $4,562 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,013
Total Expenses
$4,562
Mortgage P&I
101%
$3,047
Property Taxes
18%
$539
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0