This property looks like a bad Long-Term investment with a projected -20.31% first-year return on $118k initial cash invested.
-20.31%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$2,424
Rent
-$2,005
Cashflow
Cash Flow
$2,424 income − $4,429 expenses = $2,005 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,424
Total Expenses
$4,429
Mortgage P&I
127%
$3,068
Property Taxes
21%
$513
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0