This property looks like a bad Long-Term investment with a projected -18.81% first-year return on $119k initial cash invested.
-18.81%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$3,280
Rent
-$1,860
Cashflow
Cash Flow
$3,280 income − $5,140 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,280
Total Expenses
$5,140
Mortgage P&I
94%
$3,097
Property Taxes
30%
$992
Home Insurance
6%
$198
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0