This property looks like a bad Long-Term investment with a projected -16.93% first-year return on $118k initial cash invested.
-16.93%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$2,671
Rent
-$1,658
Cashflow
Cash Flow
$2,671 income − $4,329 expenses = $1,658 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,596
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,671
Total Expenses
$4,329
Mortgage P&I
106%
$2,829
Property Taxes
22%
$600
Home Insurance
8%
$205
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0