This property looks like a bad Long-Term investment with a projected -15.74% first-year return on $114k initial cash invested.
-15.74%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$2,550
Rent
-$1,489
Cashflow
Cash Flow
$2,550 income − $4,039 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,550
Total Expenses
$4,039
Mortgage P&I
114%
$2,913
Property Taxes
9%
$224
Home Insurance
8%
$192
HOA
2%
$46
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0