This property looks like a bad Long-Term investment with a projected -20.94% first-year return on $119k initial cash invested.
-20.94%
Cash On Cash
2.38%
Cap Rate
0.36
DSCR
$1,792
Rent
-$2,070
Cashflow
Cash Flow
$1,792 income − $3,862 expenses = $2,070 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
$1,792
Total Expenses
$3,862
Mortgage P&I
173%
$3,101
Property Taxes
5%
$96
Home Insurance
11%
$198
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0