This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $118k initial cash invested.
-15.56%
Cash On Cash
2.99%
Cap Rate
0.5
DSCR
$2,329
Rent
-$1,530
Cashflow
Cash Flow
$2,329 income − $3,859 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$3,859
Mortgage P&I
121%
$2,812
Property Taxes
10%
$239
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0