This property looks like a bad Long-Term investment with a projected -20.75% first-year return on $118k initial cash invested.
-20.75%
Cash On Cash
2.25%
Cap Rate
0.35
DSCR
$2,237
Rent
-$2,036
Cashflow
Cash Flow
$2,237 income − $4,273 expenses = $2,036 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%
$5,607
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$4,273
Mortgage P&I
133%
$2,976
Property Taxes
23%
$512
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0