This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $117k initial cash invested.
-14.51%
Cash On Cash
3.63%
Cap Rate
0.57
DSCR
$2,791
Rent
-$1,409
Cashflow
Cash Flow
$2,791 income − $4,200 expenses = $1,409 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,791
Total Expenses
$4,200
Mortgage P&I
106%
$2,948
Property Taxes
12%
$332
Home Insurance
7%
$194
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$167
Maintenance
5%
$140
Other
0%
$0