This property looks like a bad Long-Term investment with a projected -18.99% first-year return on $118k initial cash invested.
-18.99%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$2,156
Rent
-$1,870
Cashflow
Cash Flow
$2,156 income − $4,026 expenses = $1,870 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,628
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,156
Total Expenses
$4,026
Mortgage P&I
140%
$3,018
Property Taxes
11%
$246
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0