This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $118k initial cash invested.
-17.63%
Cash On Cash
2.69%
Cap Rate
0.44
DSCR
$2,504
Rent
-$1,728
Cashflow
Cash Flow
$2,504 income − $4,232 expenses = $1,728 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,504
Total Expenses
$4,232
Mortgage P&I
114%
$2,859
Property Taxes
21%
$527
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0