This property looks like a bad Long-Term investment with a projected -14.41% first-year return on $117k initial cash invested.
-14.41%
Cash On Cash
4.11%
Cap Rate
0.61
DSCR
$3,528
Rent
-$1,400
Cashflow
Cash Flow
$3,528 income − $4,928 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,553
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,528
Total Expenses
$4,928
Mortgage P&I
89%
$3,128
Property Taxes
19%
$687
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0