This property looks like a bad Long-Term investment with a projected -12.67% first-year return on $114k initial cash invested.
-12.67%
Cash On Cash
3.77%
Cap Rate
0.62
DSCR
$3,091
Rent
-$1,201
Cashflow
Cash Flow
$3,091 income − $4,292 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,091
Total Expenses
$4,292
Mortgage P&I
89%
$2,748
Property Taxes
18%
$548
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$185
Maintenance
5%
$155
Other
0%
$0