This property looks like a bad Long-Term investment with a projected -20.41% first-year return on $115k initial cash invested.
-20.41%
Cash On Cash
2.65%
Cap Rate
0.39
DSCR
$2,108
Rent
-$1,961
Cashflow
Cash Flow
$2,108 income − $4,069 expenses = $1,961 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
$2,108
Total Expenses
$4,069
Mortgage P&I
145%
$3,067
Property Taxes
10%
$201
Home Insurance
9%
$192
HOA
3%
$62
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0