This property looks like a bad Long-Term investment with a projected -17.76% first-year return on $116k initial cash invested.
-17.76%
Cash On Cash
2.71%
Cap Rate
0.44
DSCR
$2,081
Rent
-$1,717
Cashflow
Cash Flow
$2,081 income − $3,798 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,524
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,081
Total Expenses
$3,798
Mortgage P&I
138%
$2,862
Property Taxes
8%
$167
Home Insurance
11%
$228
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0