This property looks like a bad Long-Term investment with a projected -21.67% first-year return on $117k initial cash invested.
-21.67%
Cash On Cash
1.82%
Cap Rate
0.3
DSCR
$2,557
Rent
-$2,111
Cashflow
Cash Flow
$2,557 income − $4,668 expenses = $2,111 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,567
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$4,668
Mortgage P&I
111%
$2,827
Property Taxes
38%
$975
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0