This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $117k initial cash invested.
-20.26%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$2,705
Rent
-$1,982
Cashflow
Cash Flow
$2,705 income − $4,687 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,705
Total Expenses
$4,687
Mortgage P&I
104%
$2,823
Property Taxes
36%
$970
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0