This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $115k initial cash invested.
-12.85%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$3,244
Rent
-$1,229
Cashflow
Cash Flow
$3,244 income − $4,473 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,466
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,244
Total Expenses
$4,473
Mortgage P&I
93%
$3,029
Property Taxes
13%
$407
Home Insurance
6%
$194
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0