This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $117k initial cash invested.
-15.99%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$3,389
Rent
-$1,563
Cashflow
Cash Flow
$3,389 income − $4,952 expenses = $1,563 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,389
Total Expenses
$4,952
Mortgage P&I
91%
$3,081
Property Taxes
17%
$590
Home Insurance
6%
$201
HOA
6%
$200
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0