This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $116k initial cash invested.
-14.74%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$2,869
Rent
-$1,425
Cashflow
Cash Flow
$2,869 income − $4,294 expenses = $1,425 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$4,294
Mortgage P&I
105%
$3,003
Property Taxes
11%
$306
Home Insurance
8%
$240
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0