This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $116k initial cash invested.
-15.36%
Cash On Cash
3.91%
Cap Rate
0.58
DSCR
$3,606
Rent
-$1,488
Cashflow
Cash Flow
$3,606 income − $5,094 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,606
Total Expenses
$5,094
Mortgage P&I
86%
$3,112
Property Taxes
24%
$853
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0