This property looks like a bad Long-Term investment with a projected -19.97% first-year return on $117k initial cash invested.
-19.97%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$1,845
Rent
-$1,945
Cashflow
Cash Flow
$1,845 income − $3,790 expenses = $1,945 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,566
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,845
Total Expenses
$3,790
Mortgage P&I
153%
$2,817
Property Taxes
16%
$291
Home Insurance
11%
$203
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0