This property looks like a bad Long-Term investment with a projected -22.28% first-year return on $119k initial cash invested.
-22.28%
Cash On Cash
2.14%
Cap Rate
0.32
DSCR
$1,865
Rent
-$2,217
Cashflow
Cash Flow
$1,865 income − $4,082 expenses = $2,217 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,865
Total Expenses
$4,082
Mortgage P&I
168%
$3,136
Property Taxes
13%
$240
Home Insurance
12%
$222
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0