This property looks like a bad Long-Term investment with a projected -21.87% first-year return on $119k initial cash invested.
-21.87%
Cash On Cash
2.6%
Cap Rate
0.37
DSCR
$2,339
Rent
-$2,178
Cashflow
Cash Flow
$2,339 income − $4,517 expenses = $2,178 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,339
Total Expenses
$4,517
Mortgage P&I
141%
$3,294
Property Taxes
18%
$416
Home Insurance
9%
$199
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0