This property looks like a bad Long-Term investment with a projected -19.28% first-year return on $117k initial cash invested.
-19.28%
Cash On Cash
2.69%
Cap Rate
0.42
DSCR
$2,480
Rent
-$1,874
Cashflow
Cash Flow
$2,480 income − $4,354 expenses = $1,874 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,553
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,480
Total Expenses
$4,354
Mortgage P&I
121%
$2,995
Property Taxes
21%
$518
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0