This property looks like a bad Long-Term investment with a projected -22.63% first-year return on $117k initial cash invested.
-22.63%
Cash On Cash
1.91%
Cap Rate
0.3
DSCR
$2,624
Rent
-$2,206
Cashflow
Cash Flow
$2,624 income − $4,830 expenses = $2,206 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$4,830
Mortgage P&I
113%
$2,963
Property Taxes
38%
$994
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0