This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $117k initial cash invested.
-13.18%
Cash On Cash
3.7%
Cap Rate
0.6
DSCR
$2,882
Rent
-$1,282
Cashflow
Cash Flow
$2,882 income − $4,164 expenses = $1,282 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,882
Total Expenses
$4,164
Mortgage P&I
99%
$2,850
Property Taxes
10%
$288
Home Insurance
7%
$196
HOA
3%
$81
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0