This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $118k initial cash invested.
-16.66%
Cash On Cash
3.01%
Cap Rate
0.48
DSCR
$2,368
Rent
-$1,635
Cashflow
Cash Flow
$2,368 income − $4,003 expenses = $1,635 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,368
Total Expenses
$4,003
Mortgage P&I
124%
$2,925
Property Taxes
10%
$239
Home Insurance
9%
$203
HOA
1%
$21
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0