This property looks like a bad Long-Term investment with a projected -17.06% first-year return on $116k initial cash invested.
-17.06%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,414
Rent
-$1,648
Cashflow
Cash Flow
$3,414 income − $5,062 expenses = $1,648 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%
$5,521
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,414
Total Expenses
$5,062
Mortgage P&I
87%
$2,987
Property Taxes
29%
$994
Home Insurance
6%
$193
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0