This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $115k initial cash invested.
-10.5%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$3,277
Rent
-$1,002
Cashflow
Cash Flow
$3,277 income − $4,279 expenses = $1,002 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,453
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,277
Total Expenses
$4,279
Mortgage P&I
85%
$2,777
Property Taxes
14%
$453
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0