This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $117k initial cash invested.
-14.84%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$3,371
Rent
-$1,446
Cashflow
Cash Flow
$3,371 income − $4,817 expenses = $1,446 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,568
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,371
Total Expenses
$4,817
Mortgage P&I
91%
$3,068
Property Taxes
17%
$568
Home Insurance
6%
$196
HOA
3%
$108
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0