This property looks like a bad Long-Term investment with a projected -19.85% first-year return on $116k initial cash invested.
-19.85%
Cash On Cash
2.87%
Cap Rate
0.42
DSCR
$2,398
Rent
-$1,920
Cashflow
Cash Flow
$2,398 income − $4,318 expenses = $1,920 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,398
Total Expenses
$4,318
Mortgage P&I
130%
$3,120
Property Taxes
16%
$378
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0