This property looks like a bad Long-Term investment with a projected -22.51% first-year return on $118k initial cash invested.
-22.51%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$1,602
Rent
-$2,206
Cashflow
Cash Flow
$1,602 income − $3,808 expenses = $2,206 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,602
Total Expenses
$3,808
Mortgage P&I
195%
$3,120
Property Taxes
5%
$76
Home Insurance
12%
$196
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0