This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $116k initial cash invested.
-19.34%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$2,658
Rent
-$1,877
Cashflow
Cash Flow
$2,658 income − $4,535 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,547
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,658
Total Expenses
$4,535
Mortgage P&I
114%
$3,036
Property Taxes
8%
$207
Home Insurance
7%
$196
HOA
15%
$405
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0