This property looks like a bad Long-Term investment with a projected -18.92% first-year return on $116k initial cash invested.
-18.92%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,474
Rent
-$1,835
Cashflow
Cash Flow
$2,474 income − $4,309 expenses = $1,835 out of pocket
Investment Breakdown
|
Purchase Price
$554k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,474
Total Expenses
$4,309
Mortgage P&I
114%
$2,808
Property Taxes
23%
$576
Home Insurance
8%
$203
HOA
3%
$79
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0