This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $117k initial cash invested.
-10.69%
Cash On Cash
4.19%
Cap Rate
0.69
DSCR
$3,168
Rent
-$1,038
Cashflow
Cash Flow
$3,168 income − $4,206 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,548
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,168
Total Expenses
$4,206
Mortgage P&I
89%
$2,816
Property Taxes
12%
$371
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0