This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $114k initial cash invested.
-14.86%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$3,011
Rent
-$1,417
Cashflow
Cash Flow
$3,011 income − $4,428 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,011
Total Expenses
$4,428
Mortgage P&I
97%
$2,917
Property Taxes
18%
$536
Home Insurance
6%
$191
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0