This property looks like a bad Long-Term investment with a projected -21.46% first-year return on $115k initial cash invested.
-21.46%
Cash On Cash
2.52%
Cap Rate
0.37
DSCR
$2,118
Rent
-$2,062
Cashflow
Cash Flow
$2,118 income − $4,180 expenses = $2,062 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$4,180
Mortgage P&I
147%
$3,108
Property Taxes
16%
$329
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0