This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $119k initial cash invested.
-16.4%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$2,905
Rent
-$1,622
Cashflow
Cash Flow
$2,905 income − $4,527 expenses = $1,622 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
$2,905
Total Expenses
$4,527
Mortgage P&I
106%
$3,083
Property Taxes
17%
$492
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0