This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $117k initial cash invested.
-13.9%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$3,514
Rent
-$1,350
Cashflow
Cash Flow
$3,514 income − $4,864 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,548
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,514
Total Expenses
$4,864
Mortgage P&I
83%
$2,927
Property Taxes
23%
$813
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0