This property looks like a bad Long-Term investment with a projected -16.1% first-year return on $116k initial cash invested.
-16.1%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$2,394
Rent
-$1,554
Cashflow
Cash Flow
$2,394 income − $3,948 expenses = $1,554 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,515
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$3,948
Mortgage P&I
123%
$2,934
Property Taxes
8%
$192
Home Insurance
8%
$199
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0