This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $117k initial cash invested.
-23.95%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$1,704
Rent
-$2,344
Cashflow
Cash Flow
$1,704 income − $4,048 expenses = $2,344 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,593
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,704
Total Expenses
$4,048
Mortgage P&I
175%
$2,980
Property Taxes
25%
$423
Home Insurance
12%
$203
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0