This property looks like a bad Long-Term investment with a projected -19.4% first-year return on $116k initial cash invested.
-19.4%
Cash On Cash
2.96%
Cap Rate
0.44
DSCR
$3,202
Rent
-$1,874
Cashflow
Cash Flow
$3,202 income − $5,076 expenses = $1,874 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,202
Total Expenses
$5,076
Mortgage P&I
96%
$3,076
Property Taxes
29%
$916
Home Insurance
6%
$192
HOA
2%
$60
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0