This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $119k initial cash invested.
-17.82%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$2,354
Rent
-$1,771
Cashflow
Cash Flow
$2,354 income − $4,125 expenses = $1,771 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,678
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,354
Total Expenses
$4,125
Mortgage P&I
131%
$3,077
Property Taxes
10%
$232
Home Insurance
9%
$204
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0