This property looks like a bad Long-Term investment with a projected -18.37% first-year return on $119k initial cash invested.
-18.37%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$2,210
Rent
-$1,822
Cashflow
Cash Flow
$2,210 income − $4,032 expenses = $1,822 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,210
Total Expenses
$4,032
Mortgage P&I
129%
$2,848
Property Taxes
13%
$288
Home Insurance
10%
$214
HOA
5%
$108
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0