This property looks like a bad Long-Term investment with a projected -18.11% first-year return on $119k initial cash invested.
-18.11%
Cash On Cash
2.76%
Cap Rate
0.44
DSCR
$2,232
Rent
-$1,803
Cashflow
Cash Flow
$2,232 income − $4,035 expenses = $1,803 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$4,035
Mortgage P&I
134%
$3,000
Property Taxes
11%
$248
Home Insurance
9%
$206
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0