This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $118k initial cash invested.
-19.61%
Cash On Cash
3%
Cap Rate
0.44
DSCR
$2,678
Rent
-$1,929
Cashflow
Cash Flow
$2,678 income − $4,607 expenses = $1,929 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,678
Total Expenses
$4,607
Mortgage P&I
120%
$3,202
Property Taxes
19%
$505
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0