This property looks like a bad Long-Term investment with a projected -15.37% first-year return on $114k initial cash invested.
-15.37%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$2,708
Rent
-$1,455
Cashflow
Cash Flow
$2,708 income − $4,163 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,708
Total Expenses
$4,163
Mortgage P&I
110%
$2,985
Property Taxes
11%
$291
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0