This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $117k initial cash invested.
-17.05%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$3,164
Rent
-$1,666
Cashflow
Cash Flow
$3,164 income − $4,830 expenses = $1,666 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,584
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,164
Total Expenses
$4,830
Mortgage P&I
94%
$2,963
Property Taxes
26%
$835
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0