This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $117k initial cash invested.
-14.91%
Cash On Cash
3.31%
Cap Rate
0.54
DSCR
$2,641
Rent
-$1,448
Cashflow
Cash Flow
$2,641 income − $4,089 expenses = $1,448 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,641
Total Expenses
$4,089
Mortgage P&I
108%
$2,849
Property Taxes
13%
$354
Home Insurance
8%
$200
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0