This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $119k initial cash invested.
-18.63%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$2,221
Rent
-$1,852
Cashflow
Cash Flow
$2,221 income − $4,073 expenses = $1,852 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,221
Total Expenses
$4,073
Mortgage P&I
130%
$2,884
Property Taxes
19%
$412
Home Insurance
9%
$200
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0