This property looks like a bad Long-Term investment with a projected -19.27% first-year return on $114k initial cash invested.
-19.27%
Cash On Cash
2.99%
Cap Rate
0.44
DSCR
$2,360
Rent
-$1,834
Cashflow
Cash Flow
$2,360 income − $4,194 expenses = $1,834 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$4,194
Mortgage P&I
130%
$3,071
Property Taxes
13%
$315
Home Insurance
8%
$194
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0