This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $116k initial cash invested.
-13.52%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$3,172
Rent
-$1,303
Cashflow
Cash Flow
$3,172 income − $4,475 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,172
Total Expenses
$4,475
Mortgage P&I
93%
$2,957
Property Taxes
12%
$386
Home Insurance
6%
$189
HOA
4%
$118
Property Management
10%
$317
CapEx
5%
$159
Vacancy
6%
$190
Maintenance
5%
$159
Other
0%
$0