This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $117k initial cash invested.
-18.31%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$2,497
Rent
-$1,784
Cashflow
Cash Flow
$2,497 income − $4,281 expenses = $1,784 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,569
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,497
Total Expenses
$4,281
Mortgage P&I
120%
$3,005
Property Taxes
15%
$381
Home Insurance
10%
$245
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0