This property looks like a bad Long-Term investment with a projected -20.45% first-year return on $119k initial cash invested.
-20.45%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$3,188
Rent
-$2,036
Cashflow
Cash Flow
$3,188 income − $5,224 expenses = $2,036 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,188
Total Expenses
$5,224
Mortgage P&I
96%
$3,074
Property Taxes
21%
$662
Home Insurance
7%
$238
HOA
13%
$422
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0