This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $116k initial cash invested.
-15.68%
Cash On Cash
2.95%
Cap Rate
0.49
DSCR
$2,166
Rent
-$1,511
Cashflow
Cash Flow
$2,166 income − $3,677 expenses = $1,511 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,506
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,166
Total Expenses
$3,677
Mortgage P&I
127%
$2,755
Property Taxes
6%
$132
Home Insurance
10%
$227
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0