This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $116k initial cash invested.
-15.73%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$2,927
Rent
-$1,519
Cashflow
Cash Flow
$2,927 income − $4,446 expenses = $1,519 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,519
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,927
Total Expenses
$4,446
Mortgage P&I
101%
$2,966
Property Taxes
18%
$527
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0