This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $116k initial cash invested.
-15.94%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$2,633
Rent
-$1,543
Cashflow
Cash Flow
$2,633 income − $4,176 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,633
Total Expenses
$4,176
Mortgage P&I
107%
$2,821
Property Taxes
18%
$469
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0