This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $116k initial cash invested.
-9.92%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$3,864
Rent
-$957
Cashflow
Cash Flow
$3,864 income − $4,821 expenses = $957 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,510
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,864
Total Expenses
$4,821
Mortgage P&I
72%
$2,774
Property Taxes
22%
$850
Home Insurance
5%
$193
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0