This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $116k initial cash invested.
-15.19%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$3,417
Rent
-$1,469
Cashflow
Cash Flow
$3,417 income − $4,886 expenses = $1,469 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,417
Total Expenses
$4,886
Mortgage P&I
89%
$3,054
Property Taxes
22%
$751
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0