This property looks like a bad Long-Term investment with a projected -11.98% first-year return on $116k initial cash invested.
-11.98%
Cash On Cash
4.62%
Cap Rate
0.68
DSCR
$3,486
Rent
-$1,160
Cashflow
Cash Flow
$3,486 income − $4,646 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,486
Total Expenses
$4,646
Mortgage P&I
89%
$3,115
Property Taxes
12%
$433
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0