This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $118k initial cash invested.
-17.45%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$2,582
Rent
-$1,714
Cashflow
Cash Flow
$2,582 income − $4,296 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,582
Total Expenses
$4,296
Mortgage P&I
121%
$3,126
Property Taxes
13%
$333
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0