This property looks like a bad Long-Term investment with a projected -20.67% first-year return on $115k initial cash invested.
-20.67%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$2,779
Rent
-$1,984
Cashflow
Cash Flow
$2,779 income − $4,763 expenses = $1,984 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,779
Total Expenses
$4,763
Mortgage P&I
107%
$2,974
Property Taxes
31%
$856
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0