This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $117k initial cash invested.
-18.76%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$2,897
Rent
-$1,824
Cashflow
Cash Flow
$2,897 income − $4,721 expenses = $1,824 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%
$5,555
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,897
Total Expenses
$4,721
Mortgage P&I
105%
$3,038
Property Taxes
19%
$537
Home Insurance
7%
$201
HOA
7%
$191
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0