This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $117k initial cash invested.
-14.51%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$3,544
Rent
-$1,413
Cashflow
Cash Flow
$3,544 income − $4,957 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,566
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,544
Total Expenses
$4,957
Mortgage P&I
88%
$3,101
Property Taxes
21%
$743
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0