This property looks like a bad Long-Term investment with a projected -20.59% first-year return on $117k initial cash invested.
-20.59%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$2,016
Rent
-$2,014
Cashflow
Cash Flow
$2,016 income − $4,030 expenses = $2,014 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
$2,016
Total Expenses
$4,030
Mortgage P&I
152%
$3,071
Property Taxes
10%
$200
Home Insurance
10%
$196
HOA
2%
$38
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0