This property looks like a bad Long-Term investment with a projected -19.75% first-year return on $115k initial cash invested.
-19.75%
Cash On Cash
2.81%
Cap Rate
0.42
DSCR
$2,484
Rent
-$1,888
Cashflow
Cash Flow
$2,484 income − $4,372 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$546k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,484
Total Expenses
$4,372
Mortgage P&I
123%
$3,044
Property Taxes
20%
$491
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0