This property looks like a bad Long-Term investment with a projected -19.09% first-year return on $114k initial cash invested.
-19.09%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,332
Rent
-$1,818
Cashflow
Cash Flow
$2,332 income − $4,150 expenses = $1,818 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,441
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$4,150
Mortgage P&I
128%
$2,990
Property Taxes
15%
$361
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0