This property looks like a bad Long-Term investment with a projected -17.69% first-year return on $117k initial cash invested.
-17.69%
Cash On Cash
2.88%
Cap Rate
0.46
DSCR
$2,585
Rent
-$1,718
Cashflow
Cash Flow
$2,585 income − $4,303 expenses = $1,718 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,585
Total Expenses
$4,303
Mortgage P&I
113%
$2,920
Property Taxes
20%
$518
Home Insurance
8%
$194
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0