This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $118k initial cash invested.
-19.17%
Cash On Cash
2.37%
Cap Rate
0.38
DSCR
$1,962
Rent
-$1,879
Cashflow
Cash Flow
$1,962 income − $3,841 expenses = $1,879 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$3,841
Mortgage P&I
147%
$2,886
Property Taxes
13%
$249
Home Insurance
10%
$196
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0