This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $117k initial cash invested.
-13.14%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$3,688
Rent
-$1,276
Cashflow
Cash Flow
$3,688 income − $4,964 expenses = $1,276 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,688
Total Expenses
$4,964
Mortgage P&I
77%
$2,825
Property Taxes
27%
$987
Home Insurance
5%
$194
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0