This property looks like a bad Long-Term investment with a projected -15.52% first-year return on $117k initial cash invested.
-15.52%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$3,298
Rent
-$1,517
Cashflow
Cash Flow
$3,298 income − $4,815 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,298
Total Expenses
$4,815
Mortgage P&I
92%
$3,029
Property Taxes
22%
$736
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0