This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $116k initial cash invested.
-12.18%
Cash On Cash
3.95%
Cap Rate
0.64
DSCR
$3,244
Rent
-$1,174
Cashflow
Cash Flow
$3,244 income − $4,418 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,507
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,244
Total Expenses
$4,418
Mortgage P&I
87%
$2,827
Property Taxes
17%
$556
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0