This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $118k initial cash invested.
-19.5%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$2,732
Rent
-$1,913
Cashflow
Cash Flow
$2,732 income − $4,645 expenses = $1,913 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,732
Total Expenses
$4,645
Mortgage P&I
110%
$3,008
Property Taxes
23%
$630
Home Insurance
8%
$229
HOA
2%
$67
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0