This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $116k initial cash invested.
-16.81%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,650
Rent
-$1,627
Cashflow
Cash Flow
$2,650 income − $4,277 expenses = $1,627 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$4,277
Mortgage P&I
107%
$2,830
Property Taxes
21%
$561
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0