This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $116k initial cash invested.
-16.51%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,966
Rent
-$1,597
Cashflow
Cash Flow
$2,966 income − $4,563 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,966
Total Expenses
$4,563
Mortgage P&I
103%
$3,054
Property Taxes
18%
$520
Home Insurance
7%
$198
HOA
1%
$20
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0