This property looks like a bad Long-Term investment with a projected -21.31% first-year return on $119k initial cash invested.
-21.31%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$2,232
Rent
-$2,115
Cashflow
Cash Flow
$2,232 income − $4,347 expenses = $2,115 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$4,347
Mortgage P&I
137%
$3,050
Property Taxes
19%
$431
Home Insurance
9%
$201
HOA
4%
$84
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0