This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $114k initial cash invested.
-14.23%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$2,692
Rent
-$1,357
Cashflow
Cash Flow
$2,692 income − $4,049 expenses = $1,357 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,692
Total Expenses
$4,049
Mortgage P&I
109%
$2,921
Property Taxes
8%
$203
Home Insurance
7%
$199
HOA
1%
$25
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0