This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $115k initial cash invested.
-19.84%
Cash On Cash
2.63%
Cap Rate
0.41
DSCR
$3,190
Rent
-$1,906
Cashflow
Cash Flow
$3,190 income − $5,096 expenses = $1,906 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,190
Total Expenses
$5,096
Mortgage P&I
92%
$2,949
Property Taxes
32%
$1,015
Home Insurance
6%
$192
HOA
3%
$110
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$191
Maintenance
5%
$160
Other
0%
$0