This property looks like a bad Long-Term investment with a projected -17% first-year return on $117k initial cash invested.
-17%
Cash On Cash
2.75%
Cap Rate
0.46
DSCR
$2,747
Rent
-$1,663
Cashflow
Cash Flow
$2,747 income − $4,410 expenses = $1,663 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,747
Total Expenses
$4,410
Mortgage P&I
102%
$2,807
Property Taxes
25%
$686
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0