This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $117k initial cash invested.
-16.16%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$2,869
Rent
-$1,569
Cashflow
Cash Flow
$2,869 income − $4,438 expenses = $1,569 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$4,438
Mortgage P&I
104%
$2,976
Property Taxes
18%
$523
Home Insurance
7%
$194
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0