This property looks like a bad Long-Term investment with a projected -22.07% first-year return on $116k initial cash invested.
-22.07%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$1,941
Rent
-$2,138
Cashflow
Cash Flow
$1,941 income − $4,079 expenses = $2,138 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,535
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,941
Total Expenses
$4,079
Mortgage P&I
158%
$3,074
Property Taxes
15%
$300
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0