This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $117k initial cash invested.
-16.59%
Cash On Cash
3.11%
Cap Rate
0.5
DSCR
$2,965
Rent
-$1,615
Cashflow
Cash Flow
$2,965 income − $4,580 expenses = $1,615 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,563
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,965
Total Expenses
$4,580
Mortgage P&I
98%
$2,910
Property Taxes
24%
$699
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0