This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $117k initial cash invested.
-14.66%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$2,585
Rent
-$1,434
Cashflow
Cash Flow
$2,585 income − $4,019 expenses = $1,434 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,585
Total Expenses
$4,019
Mortgage P&I
118%
$3,057
Property Taxes
4%
$95
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0