This property looks like a bad Long-Term investment with a projected -17.66% first-year return on $116k initial cash invested.
-17.66%
Cash On Cash
2.77%
Cap Rate
0.46
DSCR
$3,590
Rent
-$1,702
Cashflow
Cash Flow
$3,590 income − $5,292 expenses = $1,702 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,506
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,590
Total Expenses
$5,292
Mortgage P&I
78%
$2,795
Property Taxes
39%
$1,388
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$215
Maintenance
5%
$180
Other
0%
$0