This property looks like a bad Long-Term investment with a projected -20.04% first-year return on $117k initial cash invested.
-20.04%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$2,504
Rent
-$1,958
Cashflow
Cash Flow
$2,504 income − $4,462 expenses = $1,958 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,504
Total Expenses
$4,462
Mortgage P&I
122%
$3,051
Property Taxes
18%
$444
Home Insurance
9%
$219
HOA
4%
$98
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0