This property looks like a bad Long-Term investment with a projected -19.06% first-year return on $116k initial cash invested.
-19.06%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$2,906
Rent
-$1,845
Cashflow
Cash Flow
$2,906 income − $4,751 expenses = $1,845 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,532
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,906
Total Expenses
$4,751
Mortgage P&I
103%
$2,985
Property Taxes
11%
$333
Home Insurance
7%
$201
HOA
16%
$477
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0