This property looks like a bad Long-Term investment with a projected -23.37% first-year return on $117k initial cash invested.
-23.37%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$1,972
Rent
-$2,287
Cashflow
Cash Flow
$1,972 income − $4,259 expenses = $2,287 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%
$5,593
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,972
Total Expenses
$4,259
Mortgage P&I
152%
$3,003
Property Taxes
26%
$513
Home Insurance
12%
$230
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0