This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $116k initial cash invested.
-12.75%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$2,732
Rent
-$1,236
Cashflow
Cash Flow
$2,732 income − $3,968 expenses = $1,236 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,732
Total Expenses
$3,968
Mortgage P&I
103%
$2,824
Property Taxes
8%
$213
Home Insurance
8%
$220
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0