This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $118k initial cash invested.
-20.47%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$2,287
Rent
-$2,005
Cashflow
Cash Flow
$2,287 income − $4,292 expenses = $2,005 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,597
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,287
Total Expenses
$4,292
Mortgage P&I
131%
$2,985
Property Taxes
22%
$512
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0