This property looks like a bad Long-Term investment with a projected -21.23% first-year return on $117k initial cash invested.
-21.23%
Cash On Cash
2.53%
Cap Rate
0.38
DSCR
$2,800
Rent
-$2,065
Cashflow
Cash Flow
$2,800 income − $4,865 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,800
Total Expenses
$4,865
Mortgage P&I
111%
$3,099
Property Taxes
30%
$849
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0