This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $118k initial cash invested.
-16.06%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$2,949
Rent
-$1,578
Cashflow
Cash Flow
$2,949 income − $4,527 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,949
Total Expenses
$4,527
Mortgage P&I
102%
$3,018
Property Taxes
18%
$542
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0