This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $116k initial cash invested.
-10.44%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$3,488
Rent
-$1,008
Cashflow
Cash Flow
$3,488 income − $4,496 expenses = $1,008 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%
$5,517
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,488
Total Expenses
$4,496
Mortgage P&I
87%
$3,023
Property Taxes
11%
$371
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0