This property looks like a bad Long-Term investment with a projected -17.84% first-year return on $117k initial cash invested.
-17.84%
Cash On Cash
3.27%
Cap Rate
0.48
DSCR
$2,455
Rent
-$1,733
Cashflow
Cash Flow
$2,455 income − $4,188 expenses = $1,733 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,455
Total Expenses
$4,188
Mortgage P&I
127%
$3,121
Property Taxes
8%
$198
Home Insurance
8%
$201
HOA
1%
$29
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0