This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $118k initial cash invested.
-16.17%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,917
Rent
-$1,586
Cashflow
Cash Flow
$2,917 income − $4,503 expenses = $1,586 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,917
Total Expenses
$4,503
Mortgage P&I
105%
$3,056
Property Taxes
17%
$496
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0