This property looks like a bad Long-Term investment with a projected -19.29% first-year return on $116k initial cash invested.
-19.29%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$2,706
Rent
-$1,860
Cashflow
Cash Flow
$2,706 income − $4,566 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,706
Total Expenses
$4,566
Mortgage P&I
113%
$3,054
Property Taxes
16%
$436
Home Insurance
7%
$193
HOA
7%
$180
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0