This property looks like a bad Long-Term investment with a projected -17.48% first-year return on $114k initial cash invested.
-17.48%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$2,639
Rent
-$1,654
Cashflow
Cash Flow
$2,639 income − $4,293 expenses = $1,654 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,639
Total Expenses
$4,293
Mortgage P&I
110%
$2,915
Property Taxes
19%
$503
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0