This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $117k initial cash invested.
-19.3%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$2,474
Rent
-$1,881
Cashflow
Cash Flow
$2,474 income − $4,355 expenses = $1,881 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,569
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,474
Total Expenses
$4,355
Mortgage P&I
125%
$3,090
Property Taxes
17%
$424
Home Insurance
8%
$198
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0