This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $117k initial cash invested.
-16.43%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$3,660
Rent
-$1,596
Cashflow
Cash Flow
$3,660 income − $5,256 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,660
Total Expenses
$5,256
Mortgage P&I
82%
$2,991
Property Taxes
12%
$443
Home Insurance
5%
$192
HOA
19%
$678
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0