This property looks like a bad Long-Term investment with a projected -22.28% first-year return on $117k initial cash invested.
-22.28%
Cash On Cash
1.88%
Cap Rate
0.3
DSCR
$2,290
Rent
-$2,174
Cashflow
Cash Flow
$2,290 income − $4,464 expenses = $2,174 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$4,464
Mortgage P&I
128%
$2,934
Property Taxes
28%
$648
Home Insurance
11%
$259
HOA
1%
$29
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0