This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $118k initial cash invested.
-17.94%
Cash On Cash
3.31%
Cap Rate
0.49
DSCR
$2,655
Rent
-$1,762
Cashflow
Cash Flow
$2,655 income − $4,417 expenses = $1,762 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,655
Total Expenses
$4,417
Mortgage P&I
120%
$3,178
Property Taxes
11%
$301
Home Insurance
8%
$205
HOA
2%
$42
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0