This property looks like a bad Long-Term investment with a projected -9.36% first-year return on $114k initial cash invested.
-9.36%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$3,413
Rent
-$893
Cashflow
Cash Flow
$3,413 income − $4,306 expenses = $893 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%
$5,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,413
Total Expenses
$4,306
Mortgage P&I
86%
$2,934
Property Taxes
8%
$279
Home Insurance
6%
$199
HOA
0%
$6
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0