This property looks like a bad Long-Term investment with a projected -17.49% first-year return on $117k initial cash invested.
-17.49%
Cash On Cash
2.97%
Cap Rate
0.47
DSCR
$2,656
Rent
-$1,698
Cashflow
Cash Flow
$2,656 income − $4,354 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,656
Total Expenses
$4,354
Mortgage P&I
111%
$2,938
Property Taxes
20%
$527
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0