This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $117k initial cash invested.
-15.59%
Cash On Cash
3.14%
Cap Rate
0.51
DSCR
$2,472
Rent
-$1,521
Cashflow
Cash Flow
$2,472 income − $3,993 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,472
Total Expenses
$3,993
Mortgage P&I
115%
$2,855
Property Taxes
12%
$303
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0