This property looks like a bad Long-Term investment with a projected -22.31% first-year return on $114k initial cash invested.
-22.31%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$1,851
Rent
-$2,128
Cashflow
Cash Flow
$1,851 income − $3,979 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,851
Total Expenses
$3,979
Mortgage P&I
157%
$2,912
Property Taxes
21%
$394
Home Insurance
10%
$191
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0