This property looks like a bad Long-Term investment with a projected -20.37% first-year return on $117k initial cash invested.
-20.37%
Cash On Cash
2.19%
Cap Rate
0.35
DSCR
$1,756
Rent
-$1,978
Cashflow
Cash Flow
$1,756 income − $3,734 expenses = $1,978 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,756
Total Expenses
$3,734
Mortgage P&I
165%
$2,905
Property Taxes
10%
$178
Home Insurance
11%
$194
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0