This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $116k initial cash invested.
-12.48%
Cash On Cash
3.98%
Cap Rate
0.63
DSCR
$2,989
Rent
-$1,206
Cashflow
Cash Flow
$2,989 income − $4,195 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,522
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,989
Total Expenses
$4,195
Mortgage P&I
97%
$2,888
Property Taxes
11%
$332
Home Insurance
7%
$199
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0