This property looks like a bad Long-Term investment with a projected -20.15% first-year return on $118k initial cash invested.
-20.15%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$1,762
Rent
-$1,976
Cashflow
Cash Flow
$1,762 income − $3,738 expenses = $1,976 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,762
Total Expenses
$3,738
Mortgage P&I
170%
$3,001
Property Taxes
4%
$76
Home Insurance
12%
$203
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0