This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $118k initial cash invested.
-15.96%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$2,523
Rent
-$1,566
Cashflow
Cash Flow
$2,523 income − $4,089 expenses = $1,566 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$4,089
Mortgage P&I
114%
$2,871
Property Taxes
15%
$371
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0