This property looks like a bad Long-Term investment with a projected -23.46% first-year return on $116k initial cash invested.
-23.46%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$1,862
Rent
-$2,274
Cashflow
Cash Flow
$1,862 income − $4,136 expenses = $2,274 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,862
Total Expenses
$4,136
Mortgage P&I
163%
$3,033
Property Taxes
22%
$418
Home Insurance
11%
$201
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0