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
3.18%
Cap Rate
0.51
DSCR
$2,684
Rent
-$1,574
Cashflow
Cash Flow
$2,684 income − $4,258 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$4,258
Mortgage P&I
109%
$2,924
Property Taxes
16%
$441
Home Insurance
7%
$196
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0