This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $114k initial cash invested.
-18.63%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,537
Rent
-$1,772
Cashflow
Cash Flow
$2,537 income − $4,309 expenses = $1,772 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,434
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,537
Total Expenses
$4,309
Mortgage P&I
117%
$2,956
Property Taxes
20%
$501
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0