This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $116k initial cash invested.
-10.76%
Cash On Cash
4.19%
Cap Rate
0.69
DSCR
$3,165
Rent
-$1,043
Cashflow
Cash Flow
$3,165 income − $4,208 expenses = $1,043 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%
$5,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,165
Total Expenses
$4,208
Mortgage P&I
89%
$2,821
Property Taxes
11%
$346
Home Insurance
6%
$194
HOA
1%
$25
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0