This property looks like a bad Long-Term investment with a projected -23.36% first-year return on $115k initial cash invested.
-23.36%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$2,269
Rent
-$2,242
Cashflow
Cash Flow
$2,269 income − $4,511 expenses = $2,242 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,269
Total Expenses
$4,511
Mortgage P&I
133%
$3,024
Property Taxes
31%
$706
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0