This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $117k initial cash invested.
-15.94%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$3,266
Rent
-$1,549
Cashflow
Cash Flow
$3,266 income − $4,815 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,266
Total Expenses
$4,815
Mortgage P&I
91%
$2,970
Property Taxes
24%
$795
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0