This property looks like a bad Long-Term investment with a projected -18.2% first-year return on $115k initial cash invested.
-18.2%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$2,869
Rent
-$1,749
Cashflow
Cash Flow
$2,869 income − $4,618 expenses = $1,749 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$4,618
Mortgage P&I
107%
$3,071
Property Taxes
21%
$610
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0