This property looks like a bad Long-Term investment with a projected -16.26% first-year return on $116k initial cash invested.
-16.26%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$2,887
Rent
-$1,576
Cashflow
Cash Flow
$2,887 income − $4,463 expenses = $1,576 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%
$5,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,887
Total Expenses
$4,463
Mortgage P&I
107%
$3,098
Property Taxes
15%
$421
Home Insurance
7%
$194
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0