This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $118k initial cash invested.
-19.41%
Cash On Cash
2.89%
Cap Rate
0.43
DSCR
$2,903
Rent
-$1,904
Cashflow
Cash Flow
$2,903 income − $4,807 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,903
Total Expenses
$4,807
Mortgage P&I
107%
$3,109
Property Taxes
26%
$755
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0