This property looks like a bad Long-Term investment with a projected -17.39% first-year return on $117k initial cash invested.
-17.39%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$2,852
Rent
-$1,689
Cashflow
Cash Flow
$2,852 income − $4,541 expenses = $1,689 out of pocket
Investment Breakdown
|
Purchase Price
$555k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,852
Total Expenses
$4,541
Mortgage P&I
103%
$2,941
Property Taxes
22%
$630
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0