This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $116k initial cash invested.
-19.41%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$2,248
Rent
-$1,876
Cashflow
Cash Flow
$2,248 income − $4,124 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,248
Total Expenses
$4,124
Mortgage P&I
135%
$3,034
Property Taxes
16%
$352
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0