This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $114k initial cash invested.
-16.7%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$2,955
Rent
-$1,589
Cashflow
Cash Flow
$2,955 income − $4,544 expenses = $1,589 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,955
Total Expenses
$4,544
Mortgage P&I
100%
$2,960
Property Taxes
16%
$468
Home Insurance
7%
$192
HOA
5%
$155
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0