This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $118k initial cash invested.
-19.21%
Cash On Cash
2.73%
Cap Rate
0.42
DSCR
$2,072
Rent
-$1,888
Cashflow
Cash Flow
$2,072 income − $3,960 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,072
Total Expenses
$3,960
Mortgage P&I
148%
$3,061
Property Taxes
8%
$157
Home Insurance
10%
$203
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0