This property looks like a bad Long-Term investment with a projected -15.71% first-year return on $115k initial cash invested.
-15.71%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$3,627
Rent
-$1,509
Cashflow
Cash Flow
$3,627 income − $5,136 expenses = $1,509 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
$3,627
Total Expenses
$5,136
Mortgage P&I
84%
$3,060
Property Taxes
22%
$786
Home Insurance
5%
$192
HOA
4%
$155
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0