This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $115k initial cash invested.
-13.89%
Cash On Cash
3.81%
Cap Rate
0.6
DSCR
$3,111
Rent
-$1,332
Cashflow
Cash Flow
$3,111 income − $4,443 expenses = $1,332 out of pocket
Investment Breakdown
|
Purchase Price
$548k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,481
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,111
Total Expenses
$4,443
Mortgage P&I
94%
$2,916
Property Taxes
14%
$423
Home Insurance
6%
$198
HOA
3%
$96
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0