This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $117k initial cash invested.
-19.98%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$2,637
Rent
-$1,947
Cashflow
Cash Flow
$2,637 income − $4,584 expenses = $1,947 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,568
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$4,584
Mortgage P&I
116%
$3,057
Property Taxes
22%
$572
Home Insurance
8%
$203
HOA
3%
$66
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0