This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $115k initial cash invested.
-16.09%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$2,874
Rent
-$1,546
Cashflow
Cash Flow
$2,874 income − $4,420 expenses = $1,546 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,874
Total Expenses
$4,420
Mortgage P&I
100%
$2,879
Property Taxes
21%
$602
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0