This property looks like a bad Long-Term investment with a projected -19.83% first-year return on $119k initial cash invested.
-19.83%
Cash On Cash
2.17%
Cap Rate
0.36
DSCR
$2,235
Rent
-$1,960
Cashflow
Cash Flow
$2,235 income − $4,195 expenses = $1,960 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,235
Total Expenses
$4,195
Mortgage P&I
128%
$2,867
Property Taxes
24%
$543
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0