This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $114k initial cash invested.
-12.31%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$3,514
Rent
-$1,173
Cashflow
Cash Flow
$3,514 income − $4,687 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,447
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,514
Total Expenses
$4,687
Mortgage P&I
85%
$2,972
Property Taxes
17%
$609
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0