This property looks like a bad Long-Term investment with a projected -24.33% first-year return on $117k initial cash invested.
-24.33%
Cash On Cash
1.11%
Cap Rate
0.18
DSCR
$1,354
Rent
-$2,363
Cashflow
Cash Flow
$1,354 income − $3,717 expenses = $2,363 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,354
Total Expenses
$3,717
Mortgage P&I
207%
$2,807
Property Taxes
26%
$357
Home Insurance
15%
$201
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0