This property looks like a bad Long-Term investment with a projected -17.96% first-year return on $116k initial cash invested.
-17.96%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$2,661
Rent
-$1,735
Cashflow
Cash Flow
$2,661 income − $4,396 expenses = $1,735 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
$2,661
Total Expenses
$4,396
Mortgage P&I
112%
$2,988
Property Taxes
20%
$521
Home Insurance
7%
$195
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0