This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $114k initial cash invested.
-14.11%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$2,650
Rent
-$1,345
Cashflow
Cash Flow
$2,650 income − $3,995 expenses = $1,345 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$3,995
Mortgage P&I
105%
$2,784
Property Taxes
13%
$332
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0