This property looks like a bad Long-Term investment with a projected -16.72% first-year return on $116k initial cash invested.
-16.72%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$3,144
Rent
-$1,621
Cashflow
Cash Flow
$3,144 income − $4,765 expenses = $1,621 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$4,765
Mortgage P&I
99%
$3,099
Property Taxes
21%
$653
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0