This property looks like a bad Long-Term investment with a projected -23.8% first-year return on $115k initial cash invested.
-23.8%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$1,624
Rent
-$2,287
Cashflow
Cash Flow
$1,624 income − $3,911 expenses = $2,287 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,624
Total Expenses
$3,911
Mortgage P&I
184%
$2,994
Property Taxes
19%
$304
Home Insurance
12%
$192
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0