This property looks like a bad Long-Term investment with a projected -26.39% first-year return on $116k initial cash invested.
-26.39%
Cash On Cash
0.76%
Cap Rate
0.12
DSCR
$1,599
Rent
-$2,549
Cashflow
Cash Flow
$1,599 income − $4,148 expenses = $2,549 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,519
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,599
Total Expenses
$4,148
Mortgage P&I
176%
$2,817
Property Taxes
45%
$722
Home Insurance
12%
$193
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0