This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $115k initial cash invested.
-19.24%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$2,401
Rent
-$1,849
Cashflow
Cash Flow
$2,401 income − $4,250 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,401
Total Expenses
$4,250
Mortgage P&I
123%
$2,949
Property Taxes
18%
$432
Home Insurance
10%
$245
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0