This property looks like a bad Long-Term investment with a projected -15.39% first-year return on $116k initial cash invested.
-15.39%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$3,788
Rent
-$1,483
Cashflow
Cash Flow
$3,788 income − $5,271 expenses = $1,483 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,505
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,788
Total Expenses
$5,271
Mortgage P&I
78%
$2,939
Property Taxes
20%
$762
Home Insurance
5%
$189
HOA
10%
$397
Property Management
10%
$379
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0