This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $116k initial cash invested.
-19.33%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$3,185
Rent
-$1,868
Cashflow
Cash Flow
$3,185 income − $5,053 expenses = $1,868 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,185
Total Expenses
$5,053
Mortgage P&I
94%
$3,008
Property Taxes
32%
$1,027
Home Insurance
6%
$191
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0