This property looks like a bad Long-Term investment with a projected -20.38% first-year return on $118k initial cash invested.
-20.38%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$2,727
Rent
-$2,002
Cashflow
Cash Flow
$2,727 income − $4,729 expenses = $2,002 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,727
Total Expenses
$4,729
Mortgage P&I
106%
$2,878
Property Taxes
35%
$944
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0