This property looks like a bad Long-Term investment with a projected -22.1% first-year return on $117k initial cash invested.
-22.1%
Cash On Cash
2.02%
Cap Rate
0.31
DSCR
$2,173
Rent
-$2,162
Cashflow
Cash Flow
$2,173 income − $4,335 expenses = $2,162 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,173
Total Expenses
$4,335
Mortgage P&I
138%
$2,992
Property Taxes
27%
$582
Home Insurance
9%
$196
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0