This property looks like a bad Long-Term investment with a projected -24.93% first-year return on $118k initial cash invested.
-24.93%
Cash On Cash
1.54%
Cap Rate
0.23
DSCR
$1,621
Rent
-$2,452
Cashflow
Cash Flow
$1,621 income − $4,073 expenses = $2,452 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,621
Total Expenses
$4,073
Mortgage P&I
191%
$3,092
Property Taxes
22%
$359
Home Insurance
12%
$201
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0