This property looks like a bad Long-Term investment with a projected -15.04% first-year return on $118k initial cash invested.
-15.04%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$2,335
Rent
-$1,474
Cashflow
Cash Flow
$2,335 income − $3,809 expenses = $1,474 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,335
Total Expenses
$3,809
Mortgage P&I
121%
$2,835
Property Taxes
7%
$170
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0