This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $117k initial cash invested.
-16.94%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,986
Rent
-$1,648
Cashflow
Cash Flow
$2,986 income − $4,634 expenses = $1,648 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,986
Total Expenses
$4,634
Mortgage P&I
101%
$3,002
Property Taxes
21%
$628
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0