This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $116k initial cash invested.
-11.89%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$3,165
Rent
-$1,146
Cashflow
Cash Flow
$3,165 income − $4,311 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,165
Total Expenses
$4,311
Mortgage P&I
92%
$2,917
Property Taxes
10%
$310
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0