This property looks like a bad Long-Term investment with a projected -7.52% first-year return on $116k initial cash invested.
-7.52%
Cash On Cash
5.15%
Cap Rate
0.82
DSCR
$3,812
Rent
-$726
Cashflow
Cash Flow
$3,812 income − $4,538 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,812
Total Expenses
$4,538
Mortgage P&I
76%
$2,904
Property Taxes
10%
$397
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0