This property looks like a bad Long-Term investment with a projected -19.06% first-year return on $117k initial cash invested.
-19.06%
Cash On Cash
2.56%
Cap Rate
0.41
DSCR
$2,251
Rent
-$1,859
Cashflow
Cash Flow
$2,251 income − $4,110 expenses = $1,859 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,251
Total Expenses
$4,110
Mortgage P&I
130%
$2,936
Property Taxes
17%
$389
Home Insurance
9%
$199
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0