This property looks like a bad Long-Term investment with a projected -18.07% first-year return on $118k initial cash invested.
-18.07%
Cash On Cash
2.64%
Cap Rate
0.43
DSCR
$3,041
Rent
-$1,775
Cashflow
Cash Flow
$3,041 income − $4,816 expenses = $1,775 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,041
Total Expenses
$4,816
Mortgage P&I
94%
$2,860
Property Taxes
31%
$956
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0