This property looks like a bad Long-Term investment with a projected -2.33% first-year return on $114k initial cash invested.
-2.33%
Cash On Cash
6.14%
Cap Rate
0.99
DSCR
$4,161
Rent
-$222
Cashflow
Cash Flow
$4,161 income − $4,383 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$109k
Closing costs
1%
$5,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,161
Total Expenses
$4,383
Mortgage P&I
67%
$2,798
Property Taxes
7%
$303
Home Insurance
5%
$200
HOA
0%
$0
Property Management
10%
$416
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0