This property looks like a bad Long-Term investment with a projected -22.35% first-year return on $115k initial cash invested.
-22.35%
Cash On Cash
1.74%
Cap Rate
0.28
DSCR
$1,607
Rent
-$2,142
Cashflow
Cash Flow
$1,607 income − $3,749 expenses = $2,142 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,607
Total Expenses
$3,749
Mortgage P&I
178%
$2,855
Property Taxes
15%
$237
Home Insurance
15%
$240
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0