This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $117k initial cash invested.
-18.15%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$3,121
Rent
-$1,765
Cashflow
Cash Flow
$3,121 income − $4,886 expenses = $1,765 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,121
Total Expenses
$4,886
Mortgage P&I
96%
$2,997
Property Taxes
17%
$531
Home Insurance
6%
$191
HOA
11%
$356
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0