This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $119k initial cash invested.
-16.97%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$2,743
Rent
-$1,677
Cashflow
Cash Flow
$2,743 income − $4,420 expenses = $1,677 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,743
Total Expenses
$4,420
Mortgage P&I
112%
$3,075
Property Taxes
14%
$395
Home Insurance
7%
$199
HOA
1%
$38
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0