This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $116k initial cash invested.
-16.05%
Cash On Cash
3.19%
Cap Rate
0.51
DSCR
$2,881
Rent
-$1,550
Cashflow
Cash Flow
$2,881 income − $4,431 expenses = $1,550 out of pocket
Investment Breakdown
|
Purchase Price
$552k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,881
Total Expenses
$4,431
Mortgage P&I
100%
$2,872
Property Taxes
21%
$600
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0