This property looks like a bad Long-Term investment with a projected -23.4% first-year return on $118k initial cash invested.
-23.4%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$1,872
Rent
-$2,296
Cashflow
Cash Flow
$1,872 income − $4,168 expenses = $2,296 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,872
Total Expenses
$4,168
Mortgage P&I
164%
$3,078
Property Taxes
22%
$405
Home Insurance
11%
$198
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0