This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $117k initial cash invested.
-15.26%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$2,692
Rent
-$1,483
Cashflow
Cash Flow
$2,692 income − $4,175 expenses = $1,483 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%
$5,553
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,692
Total Expenses
$4,175
Mortgage P&I
111%
$2,992
Property Taxes
9%
$254
Home Insurance
7%
$198
HOA
1%
$30
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0