This property looks like a bad Long-Term investment with a projected -19.69% first-year return on $118k initial cash invested.
-19.69%
Cash On Cash
2.96%
Cap Rate
0.44
DSCR
$3,241
Rent
-$1,933
Cashflow
Cash Flow
$3,241 income − $5,174 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,610
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,241
Total Expenses
$5,174
Mortgage P&I
97%
$3,155
Property Taxes
30%
$981
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0