This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $114k initial cash invested.
-15.55%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,831
Rent
-$1,473
Cashflow
Cash Flow
$2,831 income − $4,304 expenses = $1,473 out of pocket
Investment Breakdown
|
Purchase Price
$541k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$108k
Closing costs
1%
$5,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,831
Total Expenses
$4,304
Mortgage P&I
104%
$2,941
Property Taxes
9%
$267
Home Insurance
7%
$192
HOA
6%
$167
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0