This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $117k initial cash invested.
-19.55%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,544
Rent
-$1,906
Cashflow
Cash Flow
$2,544 income − $4,450 expenses = $1,906 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,544
Total Expenses
$4,450
Mortgage P&I
122%
$3,096
Property Taxes
19%
$492
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0