This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $116k initial cash invested.
-16.66%
Cash On Cash
3.49%
Cap Rate
0.52
DSCR
$2,812
Rent
-$1,606
Cashflow
Cash Flow
$2,812 income − $4,418 expenses = $1,606 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,508
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,812
Total Expenses
$4,418
Mortgage P&I
109%
$3,066
Property Taxes
15%
$426
Home Insurance
7%
$194
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0