This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $115k initial cash invested.
-17.8%
Cash On Cash
2.64%
Cap Rate
0.43
DSCR
$2,210
Rent
-$1,710
Cashflow
Cash Flow
$2,210 income − $3,920 expenses = $1,710 out of pocket
Investment Breakdown
|
Purchase Price
$549k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,210
Total Expenses
$3,920
Mortgage P&I
127%
$2,806
Property Taxes
16%
$348
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0