This property looks like a bad Long-Term investment with a projected -23.88% first-year return on $117k initial cash invested.
-23.88%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$2,039
Rent
-$2,322
Cashflow
Cash Flow
$2,039 income − $4,361 expenses = $2,322 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,556
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,039
Total Expenses
$4,361
Mortgage P&I
150%
$3,060
Property Taxes
20%
$400
Home Insurance
10%
$201
HOA
8%
$170
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0