This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $118k initial cash invested.
-14.64%
Cash On Cash
3.55%
Cap Rate
0.56
DSCR
$2,533
Rent
-$1,435
Cashflow
Cash Flow
$2,533 income − $3,968 expenses = $1,435 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,533
Total Expenses
$3,968
Mortgage P&I
117%
$2,963
Property Taxes
4%
$100
Home Insurance
8%
$196
HOA
2%
$50
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0