This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $117k initial cash invested.
-15.21%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$2,507
Rent
-$1,486
Cashflow
Cash Flow
$2,507 income − $3,993 expenses = $1,486 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,507
Total Expenses
$3,993
Mortgage P&I
121%
$3,037
Property Taxes
1%
$20
Home Insurance
11%
$285
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0