This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $114k initial cash invested.
-18.15%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$2,408
Rent
-$1,720
Cashflow
Cash Flow
$2,408 income − $4,128 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$542k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,408
Total Expenses
$4,128
Mortgage P&I
124%
$2,980
Property Taxes
14%
$331
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0