This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $119k initial cash invested.
-16.25%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$2,973
Rent
-$1,607
Cashflow
Cash Flow
$2,973 income − $4,580 expenses = $1,607 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,973
Total Expenses
$4,580
Mortgage P&I
103%
$3,058
Property Taxes
19%
$551
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0