This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $114k initial cash invested.
-17.86%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$2,947
Rent
-$1,699
Cashflow
Cash Flow
$2,947 income − $4,646 expenses = $1,699 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,436
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,947
Total Expenses
$4,646
Mortgage P&I
100%
$2,950
Property Taxes
25%
$738
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0