This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $115k initial cash invested.
-2.99%
Cash On Cash
6.39%
Cap Rate
0.99
DSCR
$5,127
Rent
-$287
Cashflow
Cash Flow
$5,127 income − $5,414 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,127
Total Expenses
$5,414
Mortgage P&I
58%
$2,953
Property Taxes
18%
$922
Home Insurance
4%
$206
HOA
0%
$0
Property Management
10%
$513
CapEx
5%
$256
Vacancy
6%
$308
Maintenance
5%
$256
Other
0%
$0