This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $117k initial cash invested.
-18.73%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$2,960
Rent
-$1,829
Cashflow
Cash Flow
$2,960 income − $4,789 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,960
Total Expenses
$4,789
Mortgage P&I
104%
$3,083
Property Taxes
16%
$481
Home Insurance
15%
$455
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0