This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $118k initial cash invested.
-17.8%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$3,301
Rent
-$1,748
Cashflow
Cash Flow
$3,301 income − $5,049 expenses = $1,748 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,613
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,301
Total Expenses
$5,049
Mortgage P&I
91%
$2,994
Property Taxes
25%
$837
Home Insurance
6%
$201
HOA
5%
$159
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0