This property looks like a bad Long-Term investment with a projected -22.02% first-year return on $119k initial cash invested.
-22.02%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$2,012
Rent
-$2,183
Cashflow
Cash Flow
$2,012 income − $4,195 expenses = $2,183 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,664
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,012
Total Expenses
$4,195
Mortgage P&I
145%
$2,912
Property Taxes
28%
$558
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0