This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $115k initial cash invested.
-17.94%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$3,331
Rent
-$1,715
Cashflow
Cash Flow
$3,331 income − $5,046 expenses = $1,715 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,331
Total Expenses
$5,046
Mortgage P&I
91%
$3,036
Property Taxes
29%
$952
Home Insurance
6%
$191
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0