This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $116k initial cash invested.
-18.21%
Cash On Cash
2.83%
Cap Rate
0.44
DSCR
$2,173
Rent
-$1,761
Cashflow
Cash Flow
$2,173 income − $3,934 expenses = $1,761 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,173
Total Expenses
$3,934
Mortgage P&I
136%
$2,954
Property Taxes
10%
$214
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0