This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $117k initial cash invested.
-14.9%
Cash On Cash
3.13%
Cap Rate
0.52
DSCR
$2,553
Rent
-$1,458
Cashflow
Cash Flow
$2,553 income − $4,011 expenses = $1,458 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%
$5,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,553
Total Expenses
$4,011
Mortgage P&I
109%
$2,788
Property Taxes
14%
$356
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0