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
2.48%
Cap Rate
0.38
DSCR
$2,997
Rent
-$1,979
Cashflow
Cash Flow
$2,997 income − $4,976 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,997
Total Expenses
$4,976
Mortgage P&I
99%
$2,960
Property Taxes
34%
$1,017
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0