This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $116k initial cash invested.
-16.12%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$2,265
Rent
-$1,559
Cashflow
Cash Flow
$2,265 income − $3,824 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,265
Total Expenses
$3,824
Mortgage P&I
125%
$2,821
Property Taxes
10%
$223
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0