This property looks like a bad Long-Term investment with a projected -20.09% first-year return on $119k initial cash invested.
-20.09%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$2,181
Rent
-$1,994
Cashflow
Cash Flow
$2,181 income − $4,175 expenses = $1,994 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$4,175
Mortgage P&I
142%
$3,096
Property Taxes
16%
$354
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0